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A tractor costs $15,450 and depreciates in value by 14% per year. How much will the tractor be worth after 3 years?

a. $22,889.85

b. $9,827.07

c. $15,408.00

d. $8,451.28

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Answers (1)
  1. Today, 01:21
    0
    A=15,450 * (1-0.14) ^ (3)

    A=9,827.07
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