A developer is considering buying a building for $474,000. She will use a straight-line depreciation schedule for 120 months, at which time the building will have a recovery value of $0. Let y be the value of the property after x months. a) Write the depreciation function y= b) How many months until the building is depreciated to $268,600? months

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
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A developer is considering buying a building for $474,000. She will use a straight-line depreciation schedule
for 120 months, at which time the building will have a recovery value of $0. Let y be the value of the
property after x months.
a) Write the depreciation function y
b) How many months until the building is depreciated to $268,600?
months
Transcribed Image Text:A developer is considering buying a building for $474,000. She will use a straight-line depreciation schedule for 120 months, at which time the building will have a recovery value of $0. Let y be the value of the property after x months. a) Write the depreciation function y b) How many months until the building is depreciated to $268,600? months
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