SOLUTION: a boat costs $12,850 and decreases in value by 10% per year. how much will the boat be worth after 5 years

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Question 1069978: a boat costs $12,850 and decreases in value by 10% per year. how much will the boat be worth after 5 years
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +A+ = amount after 5 yrs
+A+=+12850%2A%28+1+-+.1+%29%5E5+
+A+=+12850%2A.9%5E5+
+A+=+12850%2A.5905+
+A+=+7587.8+
The boat will be worth $7,587.80 after 5 yrs