The worth of the car after it is paid off 5 years later given the rate of exponential depreciation is $32,842.34.
<h3>What is the worth of the car?</h3>
When the car declines in value, it means that the car is depreciating. The formula that can be used to determine the value of the car with the depreciationn rate is:
FV = P (1 - r)^n
- FV = Future value
- P = Present value
- R = rate of decline
- N = number of years
$42,000 x (1 - 0.048)^5 = $32,842.34
To learn more about future value, please check: brainly.com/question/18760477
Answer:
Probabilities
Likely to happen (L) Unlikely to happen (U)
a. 4/5 5/8
b. 3/5 3/8
c. 4/5 4/7
d. 0.3 0.09
e. 5/6 and 4/5 2/3
Step-by-step explanation:
Probabilities in Percentages:
a. The probability of 4/5 = 80% and 5/8 = 62.5%
b. The probability of 3/8 = 37.5% and 3/5 = 60%
c. The probability of 4/5 = 80% and 4/7 = 57%
d. The probability of 0.3 = 30% and 0.09 = 9%
e. The probability of 2/3 = 67% and 4/5 = 80% and 5/6 = 83%
b) To determine the relative values of the fractional probabilities, it is best to reduce them to their fractional or percentage terms. When this is done, the relative sizes become obvious, and then, comparisons can be made.
