Question and answer
A boat costs $11,850 and decreases in value by 10% per year. How much will the boat be worth after 8 years?
Present cost=$11,850 Interest per year=10% Fv=Pv(1+i)t Fv= 11850(1+10%)8 Fv= $25,401.527
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Asked 15 days ago|7/30/2020 5:44:08 AM
Updated 12 days ago|8/2/2020 10:49:40 AM
3 Answers/Comments
Followed by Sai kumar Muri, Unfollowed by Sai kumar Muri
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Added 15 days ago|7/30/2020 6:07:29 AM
This answer has been added to the Weegy Knowledgebase
Deleted by arven [7/30/2020 6:09:06 AM]
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Present cost=$11,850
Interest per year=10%
Fv=Pv(1+i)t
Fv= 11850(1+10%)8
Fv= $25,401.527

Added 15 days ago|7/30/2020 6:09:03 AM
This answer has been confirmed as correct and helpful.
0
Answer.
Present cost = $11850
Interest per year = 10%
Future value = ?
Fv = Pv(1+i)t
Fv = $11850(1+10)8
Fv = $25401.527
Added 12 days ago|8/2/2020 10:49:40 AM
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