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10 May, 03:45

What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00

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Answers (2)
  1. 10 May, 06:09
    0
    Use the equation y=a (1-r) ^t

    In this case y=25,000 (1-0.08) ^7

    Giving you ...

    $13,946.17

    (Round as needed)
  2. 10 May, 06:30
    0
    The rounded answer is 14000
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