Today a car is valued at $42000. The value is expected to decrease at a rate of 8% each year. What is the value of the car expected to be 6 years from now?
The formula is A=p (1-r)^t A future value? P current value 42000 R rate of decreases 0.08 T time 6 years A=42,000×(1−0.08)^(6) A=42000 (0.92)^6 A=25,466.91 round your answer to get 25467
