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riadik2000 [5.3K]
3 years ago
11

Manny purchased a new car this year for $20,500. The car is expected to depreciate at an annual rate of 16%.

Mathematics
2 answers:
Dominik [7]3 years ago
7 0
The value of the vehicle will be $5081.00
galina1969 [7]3 years ago
5 0

Formula

V= c(1-r)^t

V= future value
C= current value
r= depreciation rate p/yr
t= number of periods


v = 20500*(1-0.16)^8
v =
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Answer:

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Step-by-step explanation:

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