SOLUTION: Lucy bought a motorcycle for eight thousand dollars. The motorcycle decreases in value every year by five percent. How much should Lucy's brother pay for the motorcycle if he

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Question 1032537: Lucy bought a motorcycle for eight thousand dollars. The
motorcycle decreases in value every year by five percent.
How much should Lucy's brother pay for the motorcycle if he
buys it from her in five years?

Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
The value is found via this formula
A%285%29+=+8000%28.95%29%5E%285%29=
$6190.25