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Sagot :
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Purchase price= $56,900
Decrease in value= 8.1% per year from the previous year
To calculate the value of the sailboat after x number of years, we need to use the following formula:
Future value= purchase price / (1 + decrease in value)^x
For 10 years:
FV= 56,900 / (1.081^10)
FV= $26,112.91
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