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2 answers:
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Answer:
Step-by-step explanation:
value after five years = $18,000×(1-0.12)⁵ = 18,000×0.88⁵ = $9,499.17
:::::
The value drops below $2,000 in the 17th year.
Answer:
Step-by-step explanation:
value after five years = $18,000×(1-0.12)⁵ = 18,000×0.88⁵ = $9,499.17
:::::
The value drops below $2,000 in the 17th year.