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The formula for finding the present value of an item that depreciates yearly...
Mathematics, 17.03.2020 23:05 jhanley5862
PLEASE HELP ME :(
The formula for finding the present value of an item that depreciates yearly is v=c-crt. In this formula, v is the present value, c is the original cost, r is the rate of depreciation per year, and t is the number of years that have passed. After 4 years, what is the value of a car originally costing $30,000 that depreciated at a rate of 0.1 per year?
The value of the car after 4 years is ??
Answers: 3
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