Question

A powerful computer is purchased for $2000 but on the average lease is 20% of its value each year how much will it be worth in four years from now

Answer 1

The computer will be worth $819.20 four years from now.

Step-by-step explanation:

To find out how much the computer will be worth in four years, we need to calculate the value after each year of leasing. The average lease is 20% of the value each year, so we can calculate the value after each year as follows:

1. Year 1: $2000 - 20%*$2000 = $1600
2. Year 2: $1600 - 20%*$1600 = $1280
3. Year 3: $1280 - 20%*$1280 = $1024
4. Year 4: $1024 - 20%*$1024 = $819.20

Therefore, the computer will be worth $819.20 four years from now.