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30 June, 13:05

A boat cost 92,000.00 and depreciates in value by 15% per year how much will the boat be worth after 10 years

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  1. 30 June, 13:19
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    A=p (1-r) ^t

    A=92,000 * (1-0.15) ^ (10)

    A=18,112
  2. 30 June, 16:41
    0
    Guessing you are talking about compounding value here. In that case, it should be worth around 18,100 dollars.
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