Answer plz. Give an explanation so I know ur not just getting points so I dont report. Thank you!
1 answer:
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Answer:
$4811
Step-by-step explanation:
Initial price = 35,000
18% decrease anually = 18/100 = -0.18
after 10 years
substitute these values in the formula shown in below figure
A = 35000 * ( 1 + -0.18/1 ) ^10
= 35000 * 0.82^10
= 4,810.681
= $4811
