SOLUTION: A boat that costs $6150 decreases in value by 14% per year. How much will it be worth after 3 years

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Question 931470: A boat that costs $6150 decreases in value by 14% per year. How much will it be worth after 3 years

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A boat that costs $6150 decreases in value by 14% per year. How much will it be worth after 3 years
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Start: 6150
1st yr:: 6150(0.86)
2nd yr:: 6150(0.86)^2
3rd yr:: 6150(0.86)^3 = $3911.74
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Cheers,
Stan H.
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