stormiebell00 stormiebell00

01-03-2018
Mathematics

contestada

A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar)?

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badddiee badddiee

01-03-2018

V(t) = 25000*0.85^t
----
V(5) = 25000*0.85^5 = $11092.63
=$11093

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