Answer:
the worth after 15 years is $7,783.29
Step-by-step explanation:
Given that
The purchase price is $16,800
It would be depreciated 5% per year
We need to find out the worth after 15 years
= $16,800 × (1 - 0.05)^15
= $16,800 × 0.46329123
= $7,783.29
Hence, the worth after 15 years is $7,783.29
In this way it should be determined
