How much was in account when started the account

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Problem 1: If you purchase a used car for $44013 this year and the average deprecation rate of a vehicle is 17% per year. How many years ago was the car worth $88416?

Problem 2: Today Sigrid has $7613.66 in her bank account. For the last 2 years, her account has paid 3.6%/a compounded monthly. Before then, her account paid 4.86%/a compounded semi-annuallyfor 4 years. How much was in her account when she started the account?

Reference no: EM132953625

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