Asked by neema

a brand new car that is originally valued at $25,000 depreciates by 8% per year. what is the value of the car after 6 years?

9 years ago

Answered by Damon

each year value = 0.92 value year before

v = Vi (0.92)^n

v = 25,000 (0.92)^6

9 years ago

Answered by Anonymous

13.000

8 years ago

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