document.write( "Question 120393: please help me solve this problem- A car is worth $9000.Each year it depreciates by 12%.What will it be worth in 5 years? \n" ); document.write( "

Algebra.Com's Answer #88367 by tutor_paul(519) $\"\"$ $\"About$

You can put this solution on YOUR website!
Use the depreciation formula, which is:
\n" ); document.write( " $\"V=P%281-R%29%5En\"$
\n" ); document.write( "Where:
\n" ); document.write( "V= future value, P= present value, R= depreciation rate, and n= # of years.
\n" ); document.write( "In your case, you get:
\n" ); document.write( " $\"V=9000%281-.12%29%5E5\"$
\n" ); document.write( " $\"V=9000%28.88%29%5E5\"$
\n" ); document.write( " $\"highlight%28V=4749.59%29\"$
\n" ); document.write( "================
\n" ); document.write( "Good Luck,
\n" ); document.write( "tutor_paul@yahoo.com \n" ); document.write( "

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