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What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00
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1 vote
What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00

User Eddie Xie
by
8.2k points

2 Answers

6 votes

Answer:

The rounded answer is 14000

User Csuki
by
8.1k points
2 votes

Answer:

Use the equation y=a(1-r)^t

In this case y=25,000(1-0.08)^7

Giving you...

$13,946.17

(Round as needed)

User Isaac Sekamatte
by
8.4k points
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