Asked by Eliana

If a new truck costs $43,750 and it depreciates 18% per year, what will the truck be worth in 5 years?
Answered by oobleck
if it depreciates by 18%, then as each year passes, its worth is reduced to 82% of its value
So, after 5 years, it is worth 43750 * 0.82^5
Answered by henry2,
V = Vo(1-r)^t,
V = 43,750(1-0.18)^5 =
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