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4 January, 16:57

A motorcycle purchased for 12,500 today will be valued 7% less each year. How much could you expect to receive for the motorcycle at the end of 4 years of you wanted to sell it?

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  1. 4 January, 19:27
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    Year 1

    $12500 x. 07 = $875

    12500-875=11625

    Year 2

    11625 x. 07 = $813.75

    11625-813.75=10811

    Year 3

    10811 x. 07 = $756.79

    10811-756.79 = 10054.21

    Year 4

    10054.21 x. 07 = 703.79

    10054.21-703.79 = 9350.42

    So after 4 years expect to get $9350.42
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