Asked by Meredith Grey

If a $5000 piece of equipment depreciates at a rate of 5% per year, how much will it be worth after 5 years?
is it $3,868.9?

10 years ago

Answered by Henry

V = Vo - Vo*r*t = 5000 - 5000*0.05*5 =
5000 - 1250 = $3750 = Value after 5 yrs.

10 years ago

Answered by Nory

....

3570

9 years ago

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