Devon purchased a new car valued at 16000
Ed Corporation purchased a building by paying $100,000 cash on the purchase date, agreeing to pay $80,000 every year for the next nine years and $ 125 ,000 ten years from the purchase date. The first; payment is due one year after the purchase date. Ed’s incremental borrowing rate is 10%.Devon purchased a new car valued at $16,000 that depreciated continuously at a rate of 35%. Its current value is $2,000. The equation mc025-1.jpg represents the situation, where t is the age of the car in years and r is the rate of depreciation. About how old is Devon’s car? Use a calculator and round your answer to the nearest whole number.Math. Other Math. Other Math questions and answers. an automobile costs $16,000. it is depreciated linearly over 7 years and has a scrap value of $2000. find the equation expressing the automobiles value at the end of t years (0<t<7)
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Groceries valued at $750 from Kroger Groceries for being the 100,000th customer. Qualified dividend income of $1,800 from Amber. Interest income of $3,750 on City of Springfield school bonds. Alimony of $16,000 from Wayne; divorce finalized in May 2017. Distribution of $4,800 from ST Partnership (Employer Identification Number: 46-4567893).A car is purchased for $17,500 . After each year, the resale value decreases by 20% . What will the resale value be after 5 years? ... Best Newest Oldest. By: Bill P. answered • 11/08/15. Tutor. New to Wyzant. A math tutor that is both knowledgeable and patient in secondary math. See tutors like this. See tutors like this. I calculated the ...Feb 6, 2023 · Devon purchased a new car valued at 16 000 that depreciated continuously at a rate of 35 Its current value is 2 000 The equation 2 000 16 000 1 r represents the ... Car’s value after 4 years: $7,439 to $9,900. Car’s value after 5 years: $6,369 to $8,492. Car’s value after 10 years: $3,101 to $4,134. Car’s value after 15 years: $1,832 to $2,442. Car’s value after 20 years: $1,082 to $1,442. Car’s value after 25 years: $639 to $852. Car’s value after 30 years: $377 to $502.
Get your car's value in real-time from Kelley Blue Book, the most trusted resource on the planet for used car value. Get Blue Book resale value, trade-in value, or even a cash offer from a dealer.Expert Answer. Michael bought a new car at a cost of $16000. The car depreciates in value by 16% each year. a. Complete the table below by determining the average rate of change of the value of Michael's car with respect to the number of years since he purchased the car The average rate of The change in the Number of number of years The change ... ….
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Write the value V of the car as a linear function of t, the number of years since the car was purchased. When will the car be worth $16,000? Step-by-step solution. Step 1 of 3. First, write out an equation for the depreciation of the car. If the car depreciates by $16,000 in 4 years, then it depreciates at a rate of $4,000 per year.Question: an automobile costs $16,000. it is depreciated linearly over 7 years and has a scrap value of $2000. find the equation expressing the automobiles value at the end of t years (0<t<7) an automobile costs $16,000. it is depreciated linearly over 7 years and has a scrap value of $2000.
answered • expert verified. Devon purchased a new car valued at $16,000 that depreciated continuously at a rate of 35%. Its current value is $2,000. The equation 2000=16000 (1-r)^2 represents the situation, where t is the age of the car in years and r is the rate of depreciation.Car’s value after 4 years: $7,439 to $9,900. Car’s value after 5 years: $6,369 to $8,492. Car’s value after 10 years: $3,101 to $4,134. Car’s value after 15 years: $1,832 to $2,442. Car’s value after 20 years: $1,082 to $1,442. Car’s value after 25 years: $639 to $852. Car’s value after 30 years: $377 to $502.
skins nova A new car depreciates at a rate of 15% per year. What is the expected value of a $25,000 car after 5 years (rounded to nearest whole dollar)? A) $20750 B) $11093 C) $9429 D) $6250. Algebra Exponents and Exponential Functions Exponential Growth. 1 Answer Johnson Z. Mar 27, 2016 rust hashbrownmazda cx 5 cargurus Web skylar study for exams. Web used cars under $16,000 in chattanooga save $4,581 on 790 deals 1,575 listings from $1,426 used cars under $16,000 in dallas save $5,024 on 4,113 deals 5,974 listings. Its current value is $2,000. Share Post a Comment for "Devon Purchased A New Car Valued At 16000" suncoast dog daycare When it comes time to buy a new car, you may be wondering what to do with your old one. Trading in your car is a great way to get some money off the purchase of your new vehicle. But how do you know how much your car is worth? Here’s a guid... drawings of black coupleswayfair glass coffee tableso'reilly's guntersville alabama New vehicles depreciate at a much faster rate than if you were to purchase used. A high down payment of 20 percent or more can help protect you from that loss of value by making sure you have more ... stewart hotel new york tripadvisor Jul 14, 2019 · 👍 Correct answer to the question Devon purchased a new car valued at $16,000 that depreciated continuously at a rate of 35%. its current value is $2,000. the equation 2000=16000(1-r)^2 represents the situation, where t is the age of the car in - e-eduanswers.com u.s. bank locations in pennsylvaniablack phone runtimepeter griffin face png To use the calculator, simply enter the purchase price of the car and the age at which the car was when it was purchased by you (0 for brand new, 1 for 1-year old, etc.). If you leave the "Depreciation period" field empty the car depreciation calculator will output the depreciation over the next 8 years. If you know when you intend to sell your ...