Laura's new car cost her $21,000. She was told that this make and 5 model depreciates exponentially

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Laura's new car cost her $21,000. She was told that this make and 5 model depreciates exponentially at a rate of 8 5/8% per year. How 8 much will her car be worth after 100 months?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:50 AM

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Laura's new car cost her $21,000. She was told that this make and 5 model depreciates exponentially

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100 12 833 100 months is 813 ...View the full answer

Financial Algebra advanced algebra with financial applications

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