asked 52.3k views
1 vote
The local parts shop buys a machine that costs $500,000. It's value depreciates exponentially each year by 10%.

What is the machine's value after 5 years? Round your answer to the nearest integer.

2 Answers

0 votes
I got 10,000 what did I do wrong

answered
User Simon Halsey
by
7.5k points
6 votes
After 5 years, it's value will be about $294,300
answered
User Vivienne
by
7.7k points
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