Exercise 9.6.31. [A] You buy a car for $15,000 and for tax purposes you depreciate it at a rate of 11% per year. (a) At the end of 24 months, what is the value of the car? (b) At the end of 5 years, what is the value of the car? (c) Find the exponential equation that gives the value of the car after t years.

Exercise 9.6.31. [A] You buy a car for $15,000 and for tax purposes you depreciate it at a rate of 11% per year. (a) At the end of 24 months, what is the value of the car? (b) At the end of 5 years, what is the value of the car? (c) Find the exponential equation that gives the value of the car after t years.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter10: Project Cash Flows And Risk

Section: Chapter Questions

Problem 5PROB

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