<PRE><B>Question 1026567</B>
A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar)? 
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V(t) = 25000*0.85^t
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V(5) = 25000*0.85^5 = $11092.63
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Cheers,
Stan H.
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A) $20750 
B) $11093 
C) $9429 
D) $6250 </PRE>