avilaada877 avilaada877

11-05-2021
Mathematics

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The value of a car is decreasing by 12% per year. If the car is worth $11,000 today, what will it be worth in two years?

Respuesta :

jwu4444 jwu4444

13-05-2021

Answer:

$8518.40

Step-by-step explanation:

FV = PV(1+r)^n

FV = future value

PV = present value

r = rate

n = # of years

Value in 2 yrs = 11,000 x (1 - 0.12)^2 = 8518.4

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