Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

You have recently purchased a new truck for $20,000, by arranging financing for the next five years. You are curious to know what your new truck will be worth when the loan is completely paid off. Assume that the value depreciates at a constant rate of 15%.
What is the initial value?


Sagot :

Answer:

the initial value would be 23,000

Step-by-step explanation:

because 20,000 + 15%

is 23,000

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.