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Daniels print shop purchased a new printer for $35,000. Each year it depreciates at rate of 5%. How much will the printer be worth in 8 years?
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Dec 7, 2021
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Daniels print shop purchased a new printer for $35,000. Each year it depreciates at rate of 5%. How much will the printer be worth in 8 years?
Mathematics
middle-school
Adsun
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ab^x
a: initial value
b: value remaining after depreciation per year (in percentage)
x: number of years that have passed
35000(0.95)^8= 23219.7151
Round to the nearest hundredth value:
About $23219.72
Let me know if you have any questions :)
James Howard
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Dec 14, 2021
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James Howard
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