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18 November, 13:45

A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years?

a. $11,770.00

b. $25,401.53

c. $5,101.04

d. $4,590.93

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Answers (2)
  1. 18 November, 13:48
    0
    The answer is C) 5,101.04
  2. 18 November, 14:11
    0
    A=11,850 * (1-0.10) ^ (8)

    A=5,101.04
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