Earth makes one revolution, or one complete orbit of the Sun, in about 365.25 days<span>. The direction of revolution—counterclockwise as viewed down from the north—is in the same sense, or direction, as the rotation of the Sun; Earth's spin, or rotation about its axis. </span>
Assuming a new car is purchased for 15500 dollars. The value of the car after 6 years is $9709. 17.
<h3>Future value</h3>
Using this formula
Future value=Principal (1-Interest rate)^Number of years
Where:
Principal=15500
Interest rate=7.5%
Number of years=6 years
Let plug in the formula
Future value=$15,500 ×( 1 - 0.075 )^6
Future value=$9.709.169
Future value = $9709. 17(Approximately)
Inconclusion the value of the car after 6 years is $9709. 17.
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