SOLUTION: A vehicle purchased for $ 22400 depreciates at a constant rate of 9% . Determine the approximate value of the vehicle 14 years after purchase.

Question 1197911: A vehicle purchased for $ 22400 depreciates at a constant rate of 9% . Determine the approximate value of the vehicle 14 years after purchase.
Answer by ikleyn(52787) (Show Source): You can put this solution on YOUR website!
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A vehicle purchased for $ 22400 depreciates at a constant rate of 9% .
Determine the approximate value of the vehicle 14 years after purchase.
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    This approximate value is   =  = 5981.74 dollars (rounded).    ANSWER

Solved.

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