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Alex17521 [72]
3 years ago
13

Fernando purchased a new motorhome for $180,000, but the motorhome will depreciate

Mathematics
1 answer:
Dmitry_Shevchenko [17]3 years ago
3 0

Your answer would be 122,400.

<em>To solve, follow these steps!! </em>First let's start with the price of the motorhome, 180,000. If it <em>depreciates, </em>that means it's going to lose value ever year.

It will depreciate 4% every year, so we need to find 4% of 180,000. You can just plug this into a calculator and get 7,200.

Next, it will depreciate for 8 years, so we multiply 7,200 x 8 and get 57,600. Lastly, we will subtract this from 180,000 and get 122,400.

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