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24 August, 18:58

A boat cost 92,000.00 and depreciates in value by 15% per year how much will the boat be worth after 10 years

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  1. 24 August, 19:22
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    Guessing you are talking about compounding value here. In that case, it should be worth around 18,100 dollars.
  2. 24 August, 19:26
    0
    A=p (1-r) ^t

    A=92,000 * (1-0.15) ^ (10)

    A=18,112
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