you purchased a car for $16,150. the car depreciates at a rate of 9% per year. after 4 years, you decide to…

you purchased a car for $16,150. the car depreciates at a rate of 9% per year. after 4 years, you decide to sell the car. what is the value of your car after 4 years? use this formula: $fv = pv(1 - r)^t$ enter the dollar amount rounded to the nearest cent. your answer: answer

Answer