Question 1117333
{{{28000-0.0725*28000=25970}}}
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{{{25970(1-0.0725)=24087.175}}}
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{{{24087.175*(1-0.0725)=22340.8548}}}
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{{{22340.8548(1-0.0725)=20721.1428}}}
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{{{20721.1428(1-0.0725)=19218.86}}}



{{{highlight(19219)}}}


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{{{p=B(1-r)^x}}}
p, value after x years
x, time passed, years
B, initial amount
r, depreciation rate as a decimal
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{{{p=28000(1-0.075)^5}}}
{{{p=19218.9}}}
{{{nearest}}}{{{dollar}}}{{{19219}}}