SOLUTION: How do I find a value function from a word problem? Here is the problem I have. At Ricky's Rockers, owner, Ricky Ray, purchased new sanding equipment for his production line at a

SOLUTION: How do I find a value function from a word problem? Here is the problem I have. At Ricky's Rockers, owner, Ricky Ray, purchased new sanding equipment for his production line at a

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Question 287924: How do I find a value function from a word problem? Here is the problem I have. At Ricky's Rockers, owner, Ricky Ray, purchased new sanding equipment for his production line at a cost of $24,000. If the sanding equipment depreciates at $1,500 per year, find a value function, V(t), expressed as a function of time (t) in years.
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
V(t)=24,000-1,500^t
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