Question

Today, a boat is valued at $45,000. The

value is expected to decrease at a rate of
8.5% each year. What is the value of the boat expected to
be 3 years from now?

A) 33,546.76 B) 35,475.65
C) 34,472.74 D) 34,364.67

Answer 1

Question:

Today, a boat is valued at $45,000. The value is expected to decrease at a rate of 8.5% each year. What is the value of the boat expected to be 3 years from now?

Answer:

C.) 34,472.74

Hope this helps!