Exponential Decay) 4\ The value of a car declines exponentially at 7.5% per year. Find the original value of the car if its value when it was 4 years old was OMR 14816.36. Use this formula: P = Pe(-r.t)

Entrepreneurial Finance
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Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
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Exponential Decay)

4\ The value of a car declines exponentially at 7.5% per year. Find the original value of the car if its value when it was 4 years old was OMR 14816.36.

 

Use this formula:  P = Pe(-r.t)

 
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