your friend purchased a van for $30,300. the van depreciates at a rate of 16% per year. after 4 years, your…

your friend purchased a van for $30,300. the van depreciates at a rate of 16% per year. after 4 years, your friend decides to sell the van. what is the value of the van after 4 years? use this formula: $fv = pv(1 - r)^t$ enter the dollar amount rounded to the nearest cent. your answer: answer question 8 (4.5 points) you purchased a car for $51,300. the car depreciates at a rate of 18% per year. after 1 years, you decide to sell the car. what is the value of your car after 1 years? use this formula: $fv = pv(1 - r)^t$ enter the dollar amount rounded to the nearest cent. your answer:

Answer