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What is the value, after 7 years, of a 2014 Ford Mustang that originally cost $25,000.00 if it depreciates at a rate of 8% per year

What is the value, after 7 years, of a 2014 Ford Mustang that originally cost $25,000.00 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 cost $25,000.00 if it depreciates at a rate of 8% per year

User Aschen
by
8.6k points

2 Answers

6 votes

Answer:

The answer is 14000

User Manelizzard
by
8.3k points
4 votes
25,000 - (25,000 x 7 x 0.8) =
this is the formula you need to use
User Shalem
by
8.0k points
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