Question 4 Joe bought a car for $15,000 in 2013. His purchase has depreciated 6.5% every year since then. What is his car worth today in 2019 to the nearest dollar? Answer It worths $10156 G. It worths $10145 It worths $10022 It worths $600

Q: Sam bought a car for $23,425.  The car depreciates at a rate of 10.375% per year.  What is the value…

A: Given: Sam bought a car for $23,425.  The car depreciates at a rate of 10.375% per year.  To  Find:…

Q: Amanda‘s parents invested $10,000 into a savings account for her college fund when she was born. The…

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Q: You buy a new car in 2014 for $21,000. The vaule of the car depreciates by 13.5% annually. When will…

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Q: Question Pablo borrowed $50,000 to start a business. Three years later, he repaid the $50,000 along…

A: Here the principal amount is $50,000. Time is 3 years and the final amount repaid is $59,375. Amount…

Q: At age 30, Julio starts a retirement account. He deposits $145 at the end of each month in an…

A: The deposit monthly  $145  APR=3%=0.03 a) A=Pmt x 1+APRnnT-1APRn................equation 1 Here,…

Q: A used car bought in 2019 was worth $8,000. Each year its value depreciates by 4.5%. What is the…

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Q: d 500 as a monthly payment for a new car. Your bank offers car loans at 4.5% APR for 3 years. How…

A: Introduction: The formula for the monthly payment is given by, M=Pr1+rn1+rn-1 Where P is amount of…

Q: You buy a new computer for $2750. Every year, its value decreases by 7.5%. What will be the value of…

A: Here the price of the computer is decreasing at a rate of 7.5% as that of the pervious year. So the…

Q: You buy a car that is 6 years old for $3,950. The seller tells you the value has depreciated by 16%…

A: This problem is based on simple percentage calculation. The solution is explained in step 2 in…

Q: Angela is buying a dress that is on sale for 20% off. If the original price of the dress is $50.00,…

A: Original price of the dress= $50.00 Discount on the dress= 20% Money saved on the dress= Original…

Q: P=$26,000, r= 9.5%, t = 5 years

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Q: Write an expression that shows the vaule of $3750 after it has grown by 3.8% per year for 9 years?

A: compound interest = A1+R100T

Q: A new car is purchased for 20700 dollars. The value of the car depreciates at 11% per year. What…

A: The value after n years can be calculated using the formula where P is the present value and R is…

Q: Amy bought a car in 2009 valued at $32,500. The car is expected to depreciate at a rate of 11.1%…

A: To find: The number of years after which the person A's vehicle be worth 50% of its original value.…

Q: If there is 24% increase on a $39 item, then how much is the new cost for next year? Round to the…

A: The objective of this question is to find out the new cost of an item after a 24% increase on its…

Q: 6. The value of a new speed boat depreciates at a rate of 7% per year. If the boat was bought for…

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Q: Three years ago you bought a rare Pokemon card for $149. It increased in value by 2% the year after…

A: Given that initial value= $149 It increased in value by 2% the year after you bought it. So the…

Q: Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of…

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Q: A company's sales decreased 5% this year, to $6,585. What were their sales last year? (Round your…

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Q: Michelle deposits P1o,000 in an account that eams 8% simple interest. How long will it take for the…

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