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What is the value, after 7 years, of a 2014 mustang that was originally 25,000.00, if it depreciates at a rate of 8% per year??
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What is the value, after 7 years, of a 2014 mustang that was originally 25,000.00, if it depreciates at a rate of 8% per year??

User MCS
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2 Answers

3 votes

The estimated answer would be =14000

User Yakob Abada
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0 votes
25.000 x (0,92)^7 ≈ 13.946,165
User Diego Veralli
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