Question

Math Help !

Answer 1

@jim_thompson5910

Answer 2

what's your question?

Answer 3

Magnus purchased a car for $35,865. It depreciates about 3.6% each year. What is the value of the car after ten years?

Answer 4

@jim_thompson5910

Answer 5

use the formula

FV = PV*(1-r)^t

in this case

PV = 35865
r = 0.036
t = 10

Answer 6

ok then what ?

Answer 7

tell me what you get

Answer 8

what i get would that be my answer

Answer 9

what did you get

Answer 10

$22,953.60

Answer 11

that's too low, what did you type into the calculator?

Answer 12

i used the online calculator. wait let me try again.

Answer 13

$34,803.46

Answer 14

FV = PV*(1-r)^t

FV = 35865*(1-0.036)^10

FV = ??

Answer 15

$34,803.46

Answer 16

@jim_thompson5910

Answer 17

type 35865*(1-0.036)^10 into google

and it will display the answer you're looking for

Answer 18

google acts like a calculator when you type in 35865*(1-0.036)^10

Answer 19

Lol thank you

Answer 20

you're welcome