Time a) End of 1st year b)End of 2nd year c) End of 3rd year d) End of 4th year e) End of 5th year Depreciation % of previous year's value 30% 15% 15% 10% 8% A CA $ $ S Value $ Round to the nearest penny [10A] f) Once these vehicles are more than 5 years, they tend to depreciate at a consistent has of 7% for the next 5 years. This is only true if the vehicle is very well maintained and has low kilometres. Use the formula A = P(1 - i)" to determine the value of the Camaro when it is 10 years old. P: Value of the 5 year old car vehicle (use the value obtained in Part (3e)) A: Value of the car after 10 years i depreciation rate of 7% as a decimal n: number of years of additional depreciation after the first 5 years n: P=_ i = Show your work : Value of the Chevrolet Camaro once it is 10 years is A = $_
