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9 June, 14:02

a boat cost $12,500, and decreases in value by 12% per year. How much will the boat be worth after 9 years

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  1. 9 June, 17:48
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    The boat in 9 years will cost about $3,955.98

    check my math if i'm wrong, equation is

    f (x) = a (1-r) ^t

    a is initial amount

    r is rate of decrease
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