
Elana G. answered 01/05/14
Tutor
4.8
(39)
A Gator Can Chomp Away Your Accounting Fears
P is the original price of the car: $24,000
t is the time in years, which is 5
Plug these values into the formula
V(t)=P(0.85)^t
V(5)=24,000(0.85)^5
V(5)= 10,648.93
Parviz F.
01/05/14