Question

Need the equation for this:

In 2015, Jeralyn a choice between buying a Fonda concord ex for 40,000 which depreciates (decreases) at 5% per year.

Answer 1

2017-2015=2
40,000 - 5% = 1999.75
1999.75 +1999.75= 3999.45
if you had to subract the two years you would add then subtract the two from 40,000