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A motorcycle purchased for 12,500 today will be valued 7% less each year. How much could you expect to receive for the motorcycle at the end of 4 years of you wanted to sell it?
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A motorcycle purchased for 12,500 today will be valued 7% less each year. How much could you expect to receive for the motorcycle at the end of 4 years of you wanted to sell it?

User ThomasC
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1 Answer

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Year 1
$12500 x .07 = $875
12500-875=11625
Year 2
11625 x .07 = $813.75
11625-813.75=10811
Year 3
10811 x .07 = $756.79
10811-756.79= 10054.21
Year 4
10054.21 x .07= 703.79
10054.21-703.79= 9350.42
So after 4 years expect to get $9350.42
User Mike Becatti
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7.1k points
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