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Calculate the present value of Jay's truck at the end of one year if he originally paid 17895 and it depreciated 20 percent?
Wiki User
∙ 14y ago
14316.00
(A+)
Wiki User
∙ 14y ago
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What is the present value of Jays truck at the end of one year if he originally paid 17895.00 and it depreciated 20 percent?
$14,316. Depreciated by 20% means it is only worth 80% of the original value. 1 is 100% and .8 is 80%. 17895 times 0.8=14316
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