Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar.

Sagot :

the value would be 28,000*(1-0.0725)*(1-0.0725)*(1-0.0725)*(1-0.0725)*(1-0.0725)
which is 28,000*0,9275[tex] ^{5} [/tex]
which equals 28,000*0.6863=$19,219