+0  
 
0
707
1
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V = 28,000.00 * (1 - 0.18) ^ 5

 Apr 17, 2014

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 #1
avatar+128731 
+5

$10380.72.....the value "declines" because we're multipling an initial value by something between 0 and 1 (.82) five times.....a "depreciation" problem, maybe???

 Apr 17, 2014
 #1
avatar+128731 
+5
Best Answer

$10380.72.....the value "declines" because we're multipling an initial value by something between 0 and 1 (.82) five times.....a "depreciation" problem, maybe???

CPhill Apr 17, 2014

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