Question 935652
depreciation formula:
v = c(1-r)^t
where:
v = future value
c = current value
r = depreciation rate per period
t = number of periods
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v = 32000*(1-0.20)^5
v = 10485.76
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answer:
the car will be worth: $10485.76 after five years ...
rounding to the nearest thousand dollars, $10000
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