Question

You bought a Boston Whaler in 2004 for $12,500. The boat's value depreciates by 7% a year. How

much is the boat worth in 2022?

Answer 1

Answer: if the boat costs 12,500 and raises by 7 percent a year.

Explanation:

7 percent of 12,500 is 875 and if it kept raising for 18 years we would multiply 875 X 18 which equals 15750 and then we would add the original which would give us 28250$

so the answer is 28250$