Ask Question
12 August, 04:34

The value of a dvd player decreases by 60% each year. If you purchased this dvd player today for $180, how much would the player be worth 2 years later?

+3
Answers (1)
  1. 12 August, 06:03
    0
    The formula is

    A=p (1-r) ^t

    A future value?

    P present value 180

    R rate of decreases 0.6

    T time 2 years

    A=180 * (1-0.6) ^ (2)

    A=180 * (0.4) ^ (2)

    A=28.8
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The value of a dvd player decreases by 60% each year. If you purchased this dvd player today for $180, how much would the player be worth 2 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers