41839708OpenVellumHMAC-61675d3109e20cea53 306486683bds33c 10001 MA-094-QL, Basic

Question

41839708OpenVellumHMAC-61675d3109e20cea53 306486683bds33c 10001 MA-094-QL, Basic Mathematics Cynnia Savage & 10/27/17 1004 PM neHomework: Homework 9 angScore: 0 of 1 pt Save 100120(12 complete HW Score: 55%, 11 of 20 pts 9.3.23 Question Help * The formula for finding the present value of an item that depreciates yearly isc-at ih this formula, y is the present value, c is the original cost r is the rate of depereciation per year and t ls the number of years that have passed After 4 years, what is the value of a car originally costing $28,000 that depreciated at a rate of 15 per year? The value ofthe car an" 4 years (Typen-or.dechnal ) ts estion Enter your answer in the answer box and then click Check Answer Clea Al rse (MA-D

Explanation / Answer

v=c-crt

value after four years

v=20,000-20000*0.15*4=20,000-12000=6000

volue of car after four years =8000

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