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OpenStudy (anonymous):
Because it depreciates does the formula change? @jim_thompson5910
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jimthompson5910 (jim_thompson5910):
nope, the previous formula can be used for appreciation or depreciation
jimthompson5910 (jim_thompson5910):
A = P*(1+r)^t
jimthompson5910 (jim_thompson5910):
A = unknown P = 13935 r = -0.025 ...the negative r value means decay/depreciation...ie we're losing value t = 12 years
OpenStudy (anonymous):
10284.01 @jim_thompson5910
jimthompson5910 (jim_thompson5910):
very good
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