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If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?

If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?
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If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?

User KevinDTimm
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1 Answer

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Depreciation formula A = P(a - r)^t
A = 43,750(1 - .11)^t
A = 43,750(.89)^5
A = $24,430.26
User Bryan Dunphy
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