Math
posted by Steph on .
An automobile purchased for 24000 is worth 2100 after 8 years. Assuming that the car's value depriciated steadily from year to year, what was it worth at the end of the third year?

240008x=2100
2737.5 each year 
2400(1+i)^8 = 2100
.
.
1+i = 1.01683
then 2400(1.01683)^3 = $2282.78