Calvin purchases a piece of heavy machinery for $32,300. The value of the machine depreciates at an annual rate of 8.3%. Which function of represents the value of the machine with an approximate equivalent monthly depreciation rate?
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Home » Mathematics » Calvin purchases a piece of heavy machinery for $32,300. The value of the machine depreciates at an annual rate of 8.3%. Which function of represents the value of the machine with an approximate equivalent monthly depreciation rate?