College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 13CT
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Question
make sure you do it in a white paper. do not type it. i only need part 2
Transcribed Image Text:A company buys a machine for $475,000 that depreciates at a rate of 30% per year. Find a formula for the value of the machine after n years.
V(n) = 475000 (0.7)"
What is its value after 7 years? (Round your answer to two decimal places.)
$3911.83 X
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