+0  
 
+2
85
2
avatar+451 

The value of a car purchased for $20,000 decreases at a rate of 12% per year. What will be the value of the car after 3 years?

Neptune  Apr 3, 2018
 #1
avatar
+1

FV = PV [1 + R]^N

FV = 20,000 x [1 - 0.12]^3

FV = 20,000 x    0.88^3

FV = 20,000 x     0.681472

FV = $13,629.44 - the value of the car after 3 years.

Guest Apr 3, 2018
 #2
avatar+451 
+1

tysm

Neptune  Apr 3, 2018

12 Online Users

New Privacy Policy

We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive information about your use of our website.
For more information: our cookie policy and privacy policy.