SOLUTION: a piece of machinery depreciates at a fixed rate of 12% per year for 7 years. If the machinery is valued at $100,000 after 7 years, how much would the machinery have intially cost

Question 621719: a piece of machinery depreciates at a fixed rate of 12% per year for 7 years. If the machinery is valued at $100,000 after 7 years, how much would the machinery have intially cost rounded to the nearest dollar?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,

$100000 = 

$100000(1.12)^7 = 

 $221,068.14 =  

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