Aboat costs 16,000 and decreases in value by 14% per year. how much will the boat be worth after 11 years?

Answer

    = 3,045.10

Explanation

A = P(1 - 14/100)ⁿ

A = 16,000(1-0.14)¹¹

    = 16,000 × 0.86¹¹

    = 16,000 × 0.190319

    = 3,045.109725

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.