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Suppose you pay $16,000 for a new car and estimate that it will be worth 20% less with each passing year. what will your car be worth after 3 years?

Suppose you pay $16,000 for a new car and estimate that it will be worth 20% less with each passing year. what will your car be worth after 3 years?
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Suppose you pay $16,000 for a new car and estimate that it will be worth 20% less with each passing year. what will your car be worth after 3 years?

asked
User Aditya Guru
by
8.5k points

1 Answer

1 vote
16,000(1-0.2)^3=8192
answered
User RobbiewOnline
by
8.4k points
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