SOLUTION: a tractor cost $10,350 and depreciates in value by 8% per year. How much will the tractor be worth after 5 years?
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Question 1109319: a tractor cost $10,350 and depreciates in value by 8% per year. How much will the tractor be worth after 5 years?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the value after 5 yrs
After 5 yrs, the tractor is worth
$6,821.48
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