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Daniel's print shop purchased a new printer for $35,000. Each year it depreciated at a rate of 5%. What will it's approximate value be at the end of the fourth year?

2 Answers

3 votes

Answer:

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User Matter Cat
by
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7 votes

Answer:

$28,507.72

Explanation:

y=35000 (1- .05)^4

y=35000 (.95)^4

y=35000(.81451)

y=28507

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User IamGhale
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