# ALG 2/Trig

posted by .

A new \$12,000 automobile decreases in value every year. What is it's value 7 years from now?

• ALG 2/Trig -

You need to specify HOW MUCH the value decreases. My personal experience is that I lose about \$5,000 when I drive a new car off the show room floor. :-(

## Similar Questions

1. ### finance

Can someone please help me with the following question. I am not sure even where to start. A 5-year annuity of 10 \$9,000 seminannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount …
2. ### calculus

X. An automobile with seven years of use has a commercial value of \$34057.7, but five years ago its value was \$72250. If the value of such automobile varies exponentially with the time. (36-41) 36.- What was the value of the automobile …
3. ### calculus

An automobile with seven years of use has a commercial value of \$34057.7, but five years ago its value was \$72250. If the value of such automobile varies exponentially with the time. (36-41) 36.- What was the value of the automobile …
4. ### math

A rule of thumb used by car dealers is that the trade-in value of a car decreases by 30% each year. That is, the value at the end of any year is 70% of its value at the beginning of the year A.Suppose that you own a car whose trade-in …
5. ### math

The value of a new car decreases exponentially.Suppose your mother buys a new car for 22,000. The value of the car decreases by 20% each year. a.what is the initial price of the car. The decay factor. b. write an equation to model …
6. ### Algebra 2..

a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is \$23,500. write an equation expressing the trade in value of your car as a function …
7. ### MATH

a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is \$23,500. write an equation expressing the trade in value of your car as a function …
8. ### MATH

NEED EXTREME HELP!@#\$%^a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is \$23,500. write an equation expressing the trade in value …
9. ### Algebra

a new truck sells for 25,000 depreciates (decreases in value) 11% each year. What will be the value of the truck in 2 years?
10. ### math

16. Ruth bought a piece of farm machinery valued at \$50,000. Over a period of 10 years, the machinery lost value at a constant rate. The graph below models this loss of value. Which statement most closely matches this relationship?

More Similar Questions