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You decide to buy a boat that cost $8550. The normal depreciation for such a boat is 17% per year. If you pay for the boat with a 5 year loan, how much less will the boat be worth after your paid off the
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You decide to buy a boat that cost $8550. The normal depreciation for such a boat is 17% per year. If you pay for the boat with a 5 year loan, how much less will the boat be worth after your paid off the loan?

User Ansil
by
8.2k points

1 Answer

1 vote
$5,182.12
or
$3,367.88

I think it's one these two.
User Jasom Dotnet
by
8.4k points
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