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What is the value, after 7 years, of a 2014 mustang that was originally 25,000.00, if it depreciates at a rate of 8% per year??

What is the value, after 7 years, of a 2014 mustang that was originally 25,000.00, if it depreciates at a rate of 8% per year??
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What is the value, after 7 years, of a 2014 mustang that was originally 25,000.00, if it depreciates at a rate of 8% per year??

asked
User MCS
by
9.2k points

2 Answers

3 votes

The estimated answer would be =14000

answered
User Yakob Abada
by
7.9k points
0 votes
25.000 x (0,92)^7 ≈ 13.946,165
answered
User Diego Veralli
by
8.0k points
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