A product initially with a value of $21,800 has been depreciating at 8.1% p.a over 8 years. What is it's current value?

Nikhil Chavan asked May 6, 2023

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27 votes

Nikhil Chavan asked May 6, 2023

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20 votes

we get that:

$v=21800\cdot(0.919)^8=11091.25$

its current value is $11091.25

Thibaultbl answered May 11, 2023

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