Question 1033340
{{{ A = 250000*( 1 - .1 )^7 }}}
{{{ A = 250000*.9^7 }}}
{{{ A = 250000*.4783 }}}
{{{ A = 119575 }}}
After 7 years, the machinery
is worth $ 119,575
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check:
{{{ A = 250000*.9^7 }}}
{{{ 119575 = 250000*.9^7 }}}
{{{ .9^7 = 119575 / 250000 }}}
{{{ .478297 = .4783 }}}
OK