Question 1109319
Let {{{ V }}} = the value after 5 yrs
{{{ V = 10350*( 1 - .08 )^5 }}}
{{{ V = 10350*.92^5 }}}
{{{ V = 10350*.65908 }}}
{{{ V = 6821.48 }}}
After 5 yrs, the tractor is worth 
$6,821.48