Car Depreciation Calculator
Parameter | Description | Example Value |
---|---|---|
Initial Car Value | The initial purchase price of the car. | $30,000 |
Depreciation Rate | The annual depreciation rate of the car (e.g., 15%). | 15% |
Number of Years | The number of years the car is owned. | 5 years |
Depreciated Value | The value of the car after depreciation (Initial Car Value * (1 – Depreciation Rate)^Number of Years). | $12,217.15 |