SOLUTION: 30 Kathy plans to purchase a car that depreciates (loses value) at a rate of 14% per year. The initial cost of the car is $21,000. Which equation represents the value, v, of the

Algebra ->  Finance -> SOLUTION: 30 Kathy plans to purchase a car that depreciates (loses value) at a rate of 14% per year. The initial cost of the car is $21,000. Which equation represents the value, v, of the       Log On


   



Question 431687: 30 Kathy plans to purchase a car that depreciates (loses value) at a rate
of 14% per year. The initial cost of the car is $21,000. Which equation
represents the value, v, of the car after 3 years?

Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
V=$21,000-3(.14)(21,000)