7. A Honda Accord depreciates at 15% per year. Six year ago it was purchased for $21,000. What is it worth now?

Question

7. A Honda Accord depreciates at 15% per year. Six year ago it was
purchased for $21,000. What is it worth now?

in progress 0
Camila 4 weeks 2021-12-27T11:27:42+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-12-27T11:29:16+00:00

    Answer:

    $7920.14

    Step-by-step explanation:

    21000(0.85)^6

    $7920.14

    0
    2021-12-27T11:29:31+00:00

    Answer:

    7920.14

    Step-by-step explanation:

    The formula is y = a (1-r)^t

    21000 (0.85)^6

    0.85^6 = 0.37714951562

    21000 (0.37714951562) = 7920.14

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )