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Mathematics 4 Online
Dominique:

You bought a used boat for $2500. The boat depreciates at a rate of 7%. Estimate the reality of the boat in 2 years. Formula: y=C(1−r)t

Mercury:

not really sure what reality means in the context of finance but it seems like you would just plug in the rate of depreciation (0.07), the initial value C (2500) and the time (2 years) into the equation y=C(1−r)^t and find y

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