If an item has a new cost of $ C $ and an annual depreciation rate of $ r $ (as a decimal), its value, $ V $, after $ t $ years is given by \[ V = C(1-r)^t \]Monica bought a microwave oven 4 years ago. It has depreciated 13% annually and currently has a value of $246.32. What did she pay for it new?

Answered: Image /qna-images/answer/46c7271c-47f4-4cb3-9acd-f96d5cbe90b3.jpg

Answered: . If an item has a new cost of C and an…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

See similar textbooks

Similar questions

i. Ahmad invested RM40,000 at 6% compounded quarterly. This investment is to support his children’s education. Now, his children are 15,12 and 9 years old. Equal amount will be withdrawn when they reach 18 years old. Find the mount for each withdrawal. ii. Find the accumulated value of RM1,400 for 15 months at 6% compounded continuously
The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4% compounded annually is closest to:
Is it true that if maxine deposited 1000 dollars into an account that pays 4.5% intrest , compounded daily. At the end of 6 months she has earned 12 dollars in intrest?
1. The value of a car depreciates at a rate of 12% per year. If its original cost is $12,000.00, what will be its value after 3 years?
(1.1) Your client wants to buy a house in 10 years. They currently have $1,400 saved up and are going to save $225 per month towards a downpayment. They will put this money in a safe account that does not earn any interest. How much will they have in the account after 5 years?
A house costs $150,000. The terms of the sale are 10% down payment and the remainder to be paid in monthly payments over 10 years at an annual rate of 4.25% compounded monthly.When15000 X 10/100 = 15000 the balance = 15000 – 15000 = $135,000 (P). You decide to pay an extra $50.00 per period as you pay back the loan. By doing this, you will decrease the loan duration by approximately 117 periods. In addition to paying an extra $50.00 per period as you pay back the loan, you decide to make an exrra payment of $5000 at fifth period. By doing this, you will decrease the original loan duration by approximately how many periods?

Recommended textbooks for you

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781319050740

Author:

Jon Rogawski, Colin Adams, Robert Franzosa

Publisher:

W. H. Freeman

Precalculus

Calculus

ISBN:

9780135189405

Author:

Michael Sullivan

Publisher:

PEARSON

Calculus: Early Transcendental Functions

Calculus

ISBN:

9781337552516

Author:

Ron Larson, Bruce H. Edwards

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

. If an item has a new cost of C and an annual depreciation rate of r (as a decimal), its value, V, after years is given by V=C(1-r). Monica bought a microwave oven 4 years ago. It has depreciated 13% annually, and currently has a value of $246.32. What did she pay for it new?