SOLUTION: A piece of manufacturing equipment valued at $125,000 depreciates at a steady rate of 10% per year. What is the value of the equipment in 15 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: A piece of manufacturing equipment valued at $125,000 depreciates at a steady rate of 10% per year. What is the value of the equipment in 15 years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 942218: A piece of manufacturing equipment valued at $125,000 depreciates at a steady rate of 10% per year. What is the value of the equipment in 15 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=125000(1.10)^-15
A=125000(0.481)
A=$60,125