Lyle bought a baseball card for $800. If the value of the card decreases by 1.5% each year, find the value of the card after 12 year A)615.92
B)642.85
C)667.31
D)683.72

FV= $669.11

Step-by-step explanation:

Giving the following information:

Purchase price (PV)= $800

Decrease value (d)= 1.5% per year

Number of periods (n)= 12 years

To calculate the value of the card after 12 years, we need to use the following formula:

FV= PV / (1 + d)^n

FV= 800 / (1.015^12)

FV= $669.11

22.83 repeating

step-by-step explanation:

137 ÷ 6 is 22.8333333 therefore we understand that 3 is repeating.

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