A boat costs $19,400 and decreases in value by 6% per year. How much will the boat be worth after 6 years?
$27,519.27
$12,580.47
$13,383.47
$19,364.00
100% - 6% ==94%
19,400 x 0.94^6 ==
19,400 x 0.689869781056 ==$13,383.47 - value of the boat after 6 years.
