Question

You decide to buy a car that costs $19,000. You've heard that the car may

depreciate at a rate of 14% per year. At that rate, what will the car be worth
in six years?

Answer 1

$7,686.77744

Explanation:

19000-14%=16340

16340-14%=14052.4

14052.4-14%=12085.064

12085.064-14%=10393.155

10393.155-14%=8938.1133

8938.1133-14%=7686.77744