What is the initial value? What is the value after 13 years?

Question

asked May 20, 2018 203k views

1 Answer

Mortana · Answer 1 · 2018-05-24T22:20:37+0000

v(t) = 27,500(0.92)^t

The initial value of the car is $27,500

And its value after 13 years :

v(t) = 27,500(0.92)¹³

v(t) = $9,302