The value of an airplane in depreciating at a rate of 7% per year. in 2004, the airplane was worth 51.5 million. find the value of the airplane in 2013.

Here is the answer to the question above. If the value of an airplane is depreciating at a rate of 7% per year, and in the year 2004, it was worth 51.5 million, here is the value of the airplane in 2013.
2005 : 47, 895, 000
2006 : 44, 542, 350
2007 : 41, 424, 385.5
2008 : 38, 524, 678.5
2009 : 35, 827, 951
2010 : 33, 319, 994.4
2011 : 30, 987, 594.8
2012 : 28, 818, 463.2
2013 : 26, 801, 170.8
So the value of the airplane in 2013 is $26, 801, 170.8.
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