A vehicle purchased for \(\$22400 \) depreciates at a constant rate of \(5\%\). Determine the approximate value of the vehicle \(12\) years after purchase. Round to the nearest whole dollar.

Question

Answer

\(\$12104\)

Question

A vehicle purchased for \(\$22400 \) depreciates at a constant rate of \(5\%\). Determine the approximate value of the vehicle \(12\) years after purchase. Round to the nearest whole dollar.

Answer

\(\$12104\)