What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent,

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What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent, for a car that originally sells for $30,000 when new but exponentially depreciates after 5 years to $18,700?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:50 AM

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What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent,

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18700 300001 r 5 06...View the full answer

Financial Algebra advanced algebra with financial applications

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