I can understand in my head how to solve it I can't figure it out on paper. Help......I'm sure this will be easy for someone.
The Rental Depreciation Problem. The owner of a rental house can depreciate its value over a period of
years, meaning that the value of the house declines at an even rate over that period of time until the value
is $0.
a. By what fraction does the value of the house depreciate
the first year?
b. If the house is judged to be worth $85,000, what is
the value of the first year’s depreciation
3 answers
What period of time is used in this rental depreciation?
27 1/2 YEARS
Can anyone point me in the right direction for this equation?
1 answer