Answer:
V(t) = 14,000(0.89)^t
Step-by-step explanation:
Present value of the Dodge Challenger = $14,000
Present percentage value = 100%
Depreciation value = 11%
Number of years = t
Future value = V(t)
V(t) = Present value of the Dodge Challenger(Present percentage value - Depreciation value)^t
= 14,000(100% - 11%)^t
= 14,000(89%)^t
= 14,000(0.89)^t
V(t) = 14,000(0.89)^t
There is a way and you will find it but not from me
You move the were the decimal to the 2 places to the right and its 3.4%
