Problema Solution
A tractor costs $95,000 today but depreciates 13% per year in each succeeding year. What will the tractors value be in 9 years?
Answer provided by our tutors
value = 95000(1 - 0.13)^9 = $27,126.69
A tractor costs $95,000 today but depreciates 13% per year in each succeeding year. What will the tractors value be in 9 years?
value = 95000(1 - 0.13)^9 = $27,126.69