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anonymous

  • 5 years ago

A new truck that sells for $29,000 depreciates 12% each year. Write a function that models the value of the truck. Find the value of the truck after 7yrs.

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  1. anonymous
    • 5 years ago
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    Depreciation formula is : \[V=P(1-R)^{n}\] where V= future value, P= present value, R= depreciation rate, and n= # of years.

  2. anonymous
    • 5 years ago
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    v=29000(1-0.12)^4 its that correct ?

  3. anonymous
    • 5 years ago
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    it should be ^7 since it's 7 years

  4. anonymous
    • 5 years ago
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    oh yeahh lol my bad i accidentally pressed 4 . thank youu !!!

  5. anonymous
    • 5 years ago
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    No problem :)

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