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26 September, 18:25

A boat costs $19,200 and decreases in value by 18%. How much will the boat be worth after 5 years

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  1. 26 September, 21:21
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    You need to be more specific: Is that 18% over 5 years or is it 18% per year for 5 years?

    If over 5 years, then the value after 5 years would be (1.00-0.18) ($19,200), or

    $15,744.
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