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A baseball card that originally cost $24 has been decreasing in value at an annual rate of 6% for the last 5 years. What is the present value?

A baseball card that originally cost $24 has been decreasing in value at an annual rate of 6% for the last 5 years. What is the present value?
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9 votes
A baseball card that originally cost $24 has been decreasing in value

at an annual rate of 6% for the last 5 years. What is the present value?

User Pavel Niedoba
by
8.1k points

1 Answer

9 votes

Answer:

I believe it is four dollars

User Studie
by
8.9k points
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