document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=187673>Question 187673</A>: <I><SPAN STYLE=\"word-break: break-all;\"> This is an open ended question but I am not sure how to even start this.\r<BR>\n" );
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document.write( "The effect of depreciation can be computed using a formula similar to the formula for compound interest. A) assume depreciation is the same each mont. Write a problem involving depreciation and solve it. <BR>\n" );
document.write( "B) Develop a general formula for depreciation defining what each variable in the formula stands for. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #140709 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=140709\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The effect of depreciation can be computed using a formula similar to the formula for compound interest.<BR>\n" );
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document.write( "Appreciation: A(t) = P(1+(r/n))^((nt)<BR>\n" );
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document.write( "A) assume depreciation is the same each month. Write a problem involving depreciation and solve it.<BR>\n" );
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document.write( "A person inherits 10,000 and decides to spend 6% each quarter of the year.<BR>\n" );
document.write( "How much will be left in 5 years?<BR>\n" );
document.write( "Depreciation: A(t) = P(1-(r/n))^(nt) <BR>\n" );
document.write( "A(5) = 10,000(1-(0.06/4))^(4*5)<BR>\n" );
document.write( "A(5) = 10,000(1-0.0150)^20<BR>\n" );
document.write( "A(5) = 10,000(0.9850)^20<BR>\n" );
document.write( "A(5) = 10,000*0.7391<BR>\n" );
document.write( "A(5) = $7391.00<BR>\n" );
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document.write( "B) Develop a general formula for depreciation defining what each variable in the formula stands for.<BR>\n" );
document.write( "Comment: I'll leave that to you.<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
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