Answer :
Answer:
$13,000((7/10)^t) = $1,500
(7/10)^t = 3/26
t•ln(7/10) = ln(3/26)
t = ln(3/26)/ln(7/10) = 6.05 years
After 7 years, the car will be worth $1,500 or less.
Answer:
$13,000((7/10)^t) = $1,500
(7/10)^t = 3/26
t•ln(7/10) = ln(3/26)
t = ln(3/26)/ln(7/10) = 6.05 years
After 7 years, the car will be worth $1,500 or less.