Question

Today, a boat is valued at $45,000. The
value is expected to decrease at a rate of
8.5% each year. What is the value of the boat expected to
be 3 years from now?

A) 33,546.76 B) 35,475.65
C) 34,472.74 D) 34,364.67

Answer 1

Question:

Today, a boat is valued at $45,000. The  value is expected to decrease at a rate of  8.5% each year. What is the value of the boat expected to  be 3 years from now?

Answer:

C.) 34,472.74

Hope this helps!