Register
What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00 if it depreciates at a rate of 8% per year? Rounded your answer to the nearest dollar.
209k views
2 votes
What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00 if it depreciates at a rate of 8% per year? Rounded your answer to the nearest dollar.

User Mizuki Nakeshu
by
5.4k points

2 Answers

5 votes

Answer:

The answer rounded is 14000

Step-by-step

User Polity
by
5.4k points
6 votes
Hello!

The depreciated value is given by
.. v(t) = $25,000*0.92^t . . . . . t in years
Then
.. v(7) = $25,000*0.92^7 ≈ $13,946

Let me know if you have any other questions. Have a bless day!

-Rose
User Nbwoodward
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Link Copied!