Answered

Get detailed and reliable answers to your questions on IDNLearn.com. Discover reliable answers to your questions with our extensive database of expert knowledge.

If a new van is valued at $34,600, what will its value be in 3 years if it depreciates 14.2% each year?

Sagot :

Answer:

The answer is $21,854. 35

Step-by-step explanation:

rate = 14.2%

Time = 3 years

Value = 34600

V = (1-r)^t

V=34600(1-0.142)^3

V=34600 (0.858)^3

V=$21,854.35
34600 * (1-0.142)^3 = 21854.35
We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.