A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 5 years ago
Suppose that at the end of any given year an automobile is only worth 80% of it's value a the beginning of that year. If a car cost 21,000 new, what is it's value at the end of five years?
anonymous
 5 years ago
Suppose that at the end of any given year an automobile is only worth 80% of it's value a the beginning of that year. If a car cost 21,000 new, what is it's value at the end of five years?

This Question is Closed

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ignore that post sorry

radar
 5 years ago
Best ResponseYou've already chosen the best response.01st yr .8x$21000=$16800 2nd yr .8 x 16800=13440 3rd yr .8 x 13440=10752 4th yr .8 x 10752=8601.60 5th yr .8 x 8601.60=$6881.28

radar
 5 years ago
Best ResponseYou've already chosen the best response.0Or as dumbcow stated\[21000*.8^{5}\]

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0BAM! both of you two were right! I just had to round down. Thanks so much on this one guys!

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0A company offers a starting yearly salary of 31,000, with raises of 2,000 per year. Find the total salary over a tenyear period.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Something tricky about this one, it's like 300k, or 400k sumthin...

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0First find salary at end of tenyear period A10 = 31000+(101)*2000 A10 = 49000 Then use series sum formula Sum = 1/2*n*(A1+A10) Sum = 1/2*10*(31000+49000) ...

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0thats left for you to compute ;)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I am a bottom line kind of girl..... :)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0It doesn't add up.......hmmm...

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0what did you come up with?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Ah well.......I came up with a bunch of letters I don't understand.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0what do you mean? Sum = 1/2*10*(31000+49000) sum= 5*(80,000) = 400,000

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0where did the 80k come from?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0yes sorry for the confusion

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Can you help the other Kelley? Same question, different numbers. Like 6 people are trying it now, and can't help her get this question!
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.