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3 years ago

8

What is the value, after 7 years, of a 2014 Ford Mustang that originally cost $25,000.00 if the depreciate at a rate of 8% per y

ear? Round your answer to the nearest dollar.

2 answers:

Sergeu [11.5K]3 years ago

5 0

Answer:

$14,236

Step-by-step explanation:

25000 x 0.92 = 23000 = 1 Year

23000 x 0.92 = 21600 = 2 Years

19872

18282.24

16819.66

15474.09

14236 = 7 Years

Lyrx [107]3 years ago

3 0

The answer would be 14000

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