Asked by TJ
A $60,000 machine depreciates in value at a rate of 11% per year. About what will its value be in 5 years?
Answers
Answered by
loopdeloop
This is a Deperciation problem right.
60,000(1-.11)^5
It should give you $33,504.36.
Someone check me on this please.
But I think this is right what I did.
If anyone has comments please post.
60,000(1-.11)^5
It should give you $33,504.36.
Someone check me on this please.
But I think this is right what I did.
If anyone has comments please post.
Answered by
Mia
12000 i think
Answered by
loopdeloop
Double check ur work Mia.
Your doing your math wrong.
Your doing your math wrong.
Answered by
Lyvia
$33,504
(I took the test and this was the correct answer)
(I took the test and this was the correct answer)
Answered by
Gnash
Its $33,504 I did it and got that too. UwU
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