Question

A new car is purchased for 17000 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 12 years?

Help Asap I need help with math.

Answer 1

$2,982.92

Explanation:

Answer 2

$2,982.92

Explanation:

Assuming straight depreciation of the asset without double declining and other accounting jargon all that needs to be done is an equation like this:

17000 * (1 - 0.135)^12 = 2982.92

(Hope this helps)