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A company purchases 24500 of new computer equipment. For tax purposes the company estimates that the equipment decreases in value by the same amount each year. After 3 years the estimate value is 9800

Write an explicit function that gives the estimate value I'm the computer equipment n years after purchase

User Gshock
by
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1 Answer

4 votes
9800=24500(1-r)^3
Solve for r
r=(9800/24500)^(1/3))-1)*100
r=26.31%

Explicit function
F(x)=p(1-r)^x

User Frax
by
8.2k points

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