SOLUTION: The value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a

Question 862512: The value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a diamond tennis bracelet for $1000.

At the beginning of the 8th year, the bracelet is worth $
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
The value of a diamond bracelet depreciates at a value of 20% per year (in other words, the value of the bracelet each year is 80% of what is was the previous year). Katie bought a diamond tennis bracelet for $1000.
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At the beginning of the 8th year ...
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If you depreciate at the beginning of the year:
Value = 1000*0.8^8

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