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What is the value, after 7 years, of a 2014 ford mustang that originally costs $25000.00 if it depreciates at a rate of 8% per year?

What is the value, after 7 years, of a 2014 ford mustang that originally costs $25000.00 if it depreciates at a rate of 8% per year?
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what is the value, after 7 years, of a 2014 ford mustang that originally costs $25000.00 if it depreciates at a rate of 8% per year?

User Winslow
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2 Answers

5 votes
(25,000 times 7)times0.08
175,000 times 0.08
14,000
The answer is 14,000.
User Pierre Laporte
by
8.8k points
6 votes
The equation for this problem is (25,000 · 7)·0.08
175,000 · 0.08
14,000
The answer is 14,000.
Hope this helps! :D
User Samuel Negru
by
8.8k points
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