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The value of the car is depreciating at a rate of 2.33% per year. at the same of purchase the car was worth $35,098. how much will the car be worth in 13 years?

The value of the car is depreciating at a rate of 2.33% per year. at the same of purchase the car was worth $35,098. how much will the car be worth in 13 years?
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16 votes
The value of the car is depreciating at a rate of 2.33% per year. at the same of purchase the car was worth $35,098. how much will the car be worth in 13 years?

asked
User Francesco
by
8.3k points

1 Answer

4 votes

Answer:

Explanation:

A = P(1-r)^n

A = 35098(1-2.33%)^13

= $25 833.18

answered
User Dwrbudr
by
8.9k points
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