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2 November, 07:37

Luke purchased a motorcycle for $8765. It depreciates about 5.3% each yeah. What is the value of the motorcycle after five years?

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  1. 2 November, 07:55
    0
    The formula is to find the salvage value or the remaining value after depreciation of n year at the rate I

    Salvage value = Purchase price (1 - I%) ^n

    Salvage Val = 8765 (1-5.3%) ^5 = $6,675.77
  2. 2 November, 08:04
    0
    After 5 years, the value of this motorcycle is $ 6675.77
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