Acar enthusiast where is there a particular model of car which cost $50,000 new loses 10% of its value every year how much will the car be worth in five years

$29,524.50

Step-by-step explanation:

since it is every year, the equation would be:

y= A(1-(r/n))^nt

when you plug in the given numbers, you get:

y= 50,000(1-.10)^5

since its value decreases every year, the "n" would be 1.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

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step-by-step explanation: