A car is purchased for $45000. It depreciates about 8% a year. What would the value be after 2 years?
$38,088
$42,016
$37,800
$36,072
D?
Pretty sure it’s A
V = Vo(1-r)^2 = 45,000(1-.08)^2 = 38,088.
So what’s the answer🙈
i put all my luck into anon's answer A and got it right on my quiz gracias amigo
can yall choose an answer damn
So 45000 x .92 = what is left after year 1,
then take that number
and x 0.92 and that is what is left in value of the car after year 2
So D is incorrect.
Try again : )