Question

A flat-screen television cost $724.89 when it is new. The value of the television is expected to change by -12 3/5% per year. What is the expected value to the television after 4 years

Answer 1

1 - .126 = .874

$724.89(.874⁴) = $422.98

The expected value of the television after 4 years is $422.98.