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The local parts shop buys a machine that cost $500,000. its value depreciates exponentially each year by 10%. what is the machines value after 5 years?​

The local parts shop buys a machine that cost $500,000. its value depreciates exponentially each year by 10%. what is the machines value after 5 years?​
asked 30.6k views
2 votes
the local parts shop buys a machine that cost $500,000. its value depreciates exponentially each year by 10%. what is the machines value after 5 years?​

asked
User Martin Bring
by
8.4k points

1 Answer

4 votes

Answer:

$265,720.50

Explanation:

answered
User Veight Zhou
by
8.3k points
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