question 16 (4.5 points)\nyour friend purchased a van for $33,550. the van depreciates at a rate of 14% per…

question 16 (4.5 points)\nyour friend purchased a van for $33,550. the van depreciates at a rate of 14% per year. after 5 years, your friend decides to sell the van. what is the value of the van after 5 years?\nuse this formula:\nfv = pv(1 - r)^t\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

question 16 (4.5 points)\nyour friend purchased a van for $33,550. the van depreciates at a rate of 14% per year. after 5 years, your friend decides to sell the van. what is the value of the van after 5 years?\nuse this formula:\nfv = pv(1 - r)^t\nenter the dollar amount rounded to the nearest cent.\nyour answer:\nanswer

Answer

Answer:

$16770.49