To find the value of the copier after seven years, we need to subtract the depreciation cost from the original purchase price for each year.
After 1 year: $4800 - $500 = $4300
After 2 years: $4300 - $500 = $3800
After 3 years: $3800 - $500 = $3300
After 4 years: $3300 - $500 = $2800
After 5 years: $2800 - $500 = $2300
After 6 years: $2300 - $500 = $1800
After 7 years: $1800 - $500 = $1300
Therefore, the value of the copier after seven years is $1300.
A copier purchase new for $4800 depreciate in value $500 each year. The model predict that the value of the copier after seven years will be.
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