A corporate jet originally cost $17,550,000. If its value depreciates by 5 percent per year, what will its value be after 10

Question

A corporate jet originally cost $17,550,000. If its value depreciates by 5 percent per year, what will its value be after 10 years?
$10,507,833.28
$7,042,166.72
$8,775,000
$10,774,177.60

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