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4) Suppose you want to buy a car that costs $11,800. The expected depreciation of the car is 35% per year.
* What percentage is the car worth each year it depreciates from the previous year?
b. Find the depreciated value of the car after 6 years.
Show work please!!!!

Respuesta :

Answer:

$889.94 after six years

Step-by-step explanation:

The equation is I=P(1-r)^t so after six years it would be worth $889.94. Every year the value depreciates by $4,130.

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