economics

posted by .

Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance and operation cost) is:

  • economics -

    $15,000

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    a new car depreciated by 20% in its first year. each succeeding year it depreciated by 10% assume the car is still in good working condition after 10 years. if the car costs $25,000 calculate the value of the car after 10 years. express …
  2. Math (difficult)

    The value of a new car purchased for $28,000 decreases 8% per year. Write an exponential decay model for the value of the car. Use the model to estimate the value after 5 years.
  3. maths

    ben bought a car for £12,000 each year the value of the car depreciated by 10% what is the value of the car 2 years after he bought it?
  4. Math

    In 2004, your family bought a new car for $15,000. Each year the value of the car is decreasing approximately 15% per year. Your father plans to keep the car 5 years before he buys another new car. What will be the value of the car …
  5. economics

    Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition. They bought it used for $15,000 (market value). The cost of keeping the car to you is (not counting maintenance …
  6. 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 …
  7. math

    Sam bought a new car for $26,500. The car depreciates approximately 13% of its value each year. A) What is the decay factor for the value of this car?
  8. Economics

    A used car dealer bought a 1998 Volvo for $1,000. He paid a worker $200 to wash it. He purchased four tires for a total of $400 to replace the existing tires on the car. He sold the car for $4,000. All these economic activities took …
  9. math

    Sam bought a new car for $26,500. The car depreciates approximately 13% of its value each year. a) What is the decay factor for the value of this car?
  10. Functions

    You purchased a new car for $22,000. The value of the car decreases by 15% each year. Which function could be used to model the value of the car, "V", after "t" years?

More Similar Questions