3 years ago

If a new truck costs $43,750 and it depreciates 11% per year, what will the truck be worth in 5 years?

1 answer:

5 0

Depreciation formula A = P(a - r)^t
A = 43,750(1 - .11)^t
A = 43,750(.89)^5
A = $24,430.26

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