a boat cost 92,000.00 and depreciates in value by 15% per year how much will the boat be worth after 10 years

asked Nov 9, 2018 182k views

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5 votes

Guessing you are talking about compounding value here. In that case, it should be worth around 18,100 dollars.

Suraj Shourie answered Nov 11, 2018

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3 votes

A=p (1-r)^t
A=92,000×(1−0.15)^(10)
A=18,112

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