# A boat is worth $8502 new it depreciates at a rate of 13% a year intrest is compounded yearly what is the value after 16 years? (round to nearest penny)

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###### Question:

a boat is worth $8502 new

it depreciates at a rate of 13% a year

intrest is compounded yearly

what is the value after 16 years? (round to nearest penny)

it depreciates at a rate of 13% a year

intrest is compounded yearly

what is the value after 16 years? (round to nearest penny)

## Answers

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