SOLUTION: A boat costs $16,600 and decreases in value by 14% per year. How much will the boat be worth after 11 years?

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Question 759011: A boat costs $16,600 and decreases in value by 14% per year. How much will the boat be worth after 11 years?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
Decreasing in value by 14% = 86%
86% = 0.86
$16,600 * 0.86^11 = $3159.30
Hope this helps.
:-)