Wednesday

October 22, 2014

October 22, 2014

Posted by **Crystal** on Monday, November 12, 2012 at 5:27pm.

The answer is $2052 but I don't see how; please explain how to get all the answers and all your steps! I have a test tomorrow

- Math -
**Steve**, Monday, November 12, 2012 at 5:32pmjust figure its worth after 5 years, and subtract from what it was worth after 4 years. That's how much it lost in the 5th year.

v(5) = 28000(.875^5)

v(4) = 28000(.875^4)

v(4)-v(5) = 28000(.875^4 - .875^5) = 2051.64

- Math -
**Crystal**, Monday, November 12, 2012 at 5:41pmOhh! Oh my goodness, thank you! I was subtracting it from the initial value (28000) this whole time and couldn't figure out what I was doing wrong. Thank you!!

**Answer this Question**

**Related Questions**

Advanced Functions - he value of a new car depreciates at a rate of 12% per year...

Calculus - After t years, the value of a car that originally cost $16,000 ...

math - Magnus purchased a car for $35,865. It depreciates about 3.6% each year. ...

Math - Real Estate an office building purchased for $1, 200,000 is appreciating ...

math - Real Estate an office building purchased for $1, 200,000 is appreciating ...

math - The Question is: The value of a new car depreciates at a rate of 12% per ...

math - a car depreciates in by avalue of $1000 per year. The original value of ...

Math - A car was purchased for $36,730. The following equation can be used to ...

Math - A car was purchased for $36,730. The following equation can be used to ...

math - Sam bought a new car for $26,500. The car depreciates approximately 13% ...