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
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> 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
Log On
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):