SOLUTION: A lawn mower cost $450 when new and is expected to last 10 years. What will it be worth in 6.5 years?

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Question 833916: A lawn mower cost $450 when new and is expected to last 10 years. What will it be worth in 6.5 years?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Lasting 10 years means that it is no good after
10 years and is therefore worthless.
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In order to go form $450 to $0 ion 10 years,
it loses +450%2F10+=+45+ dollars/year
+6.5%2A45+=+292.5+
+450+-+292.5+=+157.5+
In 6.5 years, it is worth $157.50