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zheka24 [161]
2 years ago
5

fred purchased a new car for $53,000. the car depreciates 17% of its value each year compounded continuously. how much is it wor

th after 4 years. round to the nearest whole dollar
Mathematics
1 answer:
Zepler [3.9K]2 years ago
8 0

Answer:

It is worth $26,855 after 5 years

Step-by-step explanation:

53000 ÷ (1 + .17 ÷ 365)^(365 × 4)

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