Today a car is valued at $42000. The value is expected to decrease at a rate of 8% each year. Choose the equation that can be used to solve the problem. A.) y=42000(1+.08)^6B.) y=42000(1+6)^8C.) y=42000(1β.08)^6D.) y=42000(1β.8)^6And then: What is the value of the car expected to be 6 years from now?This is the only question I don't understand, someone help please!
Accepted Solution
A:
i think the correct answer is
C.) y=42000(1β.08)^6
as for what it will cost in six years:
25466.91
not sure if you have to include the decimal or round it.