Answer: deprecation is going down in value
just know that if depreciation is involved it will NEVER be greater than the amount the car was. $16464
Step-by-step explanation:
if you were to use this formula, don’t!
30000(1+ -.012/4) ^4*5
Use the compounded continuously formula
A= intial amount
Pe^rt
A=30000e
the small e means euler
r= rate
t= t
A= 30000e ^(-0.12x5)
=$16464
the answer is 16,464