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A boat costs $19,200 and decreases in value by 12% per year. How much will the boat be worth after 5 years?
$19,140.00
$8,916.56
$33,836.96
$10,132.45

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The answer is 8,916.56.
This is because 12% of the current price is 2904, times that by 5 years and then subtract the current price by the new number, and you get your answer.

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