Status: Waiting for your answers. Problem: A boat will depreciate in value at a 2.2% rate. Currently, it is worth $5000. What will be its value in 11 years? Calculate the value (to the nearest penny) by using this formula.A = a(1 + r)^{t} Solution: A = (1 - ) A = ( ) A =

Calculate the value (to the nearest penny) by using this formula.