+0  
 
0
751
1
avatar

A piece of equipment cost $85,000 new but despite 15% every 5 years. Find its value after 30 years.

 Aug 18, 2015

Best Answer 

 #1
avatar+118587 
+5

A piece of equipment cost $85,000 new but despite (devaluates?) 15% every 5 years. Find its value after 30

years.

 

$$\\FV= 85000(1-0.15)^6\\\\
FV= 85000*0.85^6\\\\$$

 

$${\mathtt{85\,000}}{\mathtt{\,\times\,}}{{\mathtt{0.85}}}^{{\mathtt{6}}} = {\mathtt{32\,057.708\: \!828\: \!125}}$$

 

$32058  to the nearest dollar :)

 Aug 19, 2015
 #1
avatar+118587 
+5
Best Answer

A piece of equipment cost $85,000 new but despite (devaluates?) 15% every 5 years. Find its value after 30

years.

 

$$\\FV= 85000(1-0.15)^6\\\\
FV= 85000*0.85^6\\\\$$

 

$${\mathtt{85\,000}}{\mathtt{\,\times\,}}{{\mathtt{0.85}}}^{{\mathtt{6}}} = {\mathtt{32\,057.708\: \!828\: \!125}}$$

 

$32058  to the nearest dollar :)

Melody Aug 19, 2015

3 Online Users

avatar