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15 November, 00:26

Car cost $40000 it depreciates 12% each year. What is the cars value in 5yrs

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  1. 15 November, 04:00
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    The formula is

    A=p (1-r) ^t

    A future value?

    P present value 40000

    R rate of depreciation 0.12

    T time 5years

    A=40,000 * (1-0.12) ^ (5)

    A=21,109
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