The declining-balance method of depreciation is an accounting method businesses use to deduct most of the cost of new equipment during the first few years of purchase. Unlike other methods, the declining-balance formula does not consider salvage value. For the value of a crane, the function V(t) = 575000(1 - 0.25), where V is value and t is time in years, can be used to find the value of the crane for the first 7 years of use. a. What is the value if the crane after 2 years and 9 months? The value of the crane will be $[ b. State the domain of the function. c. State the range of this function.

Q: 11. An investor plans to invest $12,000 at 4.9% with continuous compounding. Calculate the number of…

A: Consider the given information.

Q: You have $7000 to invest for seven years. Which investment will provide the greater return:  5%…

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Q: Recall the investment formula: A(t) = P( 1 + r)t , where t is in years. Given an investment (P) of…

A:

Q: Roofs and HVAC units are two of the most expensive investments for homeowners (a basic HVAC unit…

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Q: Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20…

A: We have to find the Balance in  account after 1 year is approximately

Q: An investment of $8,000 is made at time 0 with returns of $3,500 at the end of each of years 1…

A: Given problem is : An investment of $8,000 is made at time 0 with returns of $3,500 at the end of…

Q: A couple plans to save for their child's education. What principal must be deposited by the parents…

A: Given: Amount required is, A=$90,000. Number of years is, t=20. Rate of interest is, r=8.5%=0.085.…

Q: Compare the accumulated values at the end of 5 years if P100,000 is invested at the rate of 12% per…

A: Given that              Invested amount = 10,0000             Interest rate         = 12 %…

Q: An investment of 6,000 grows at a rate of 4% for one year, then at a rate of 9% for three years.…

A: Investment amount = 6000 Rate of return for first year = 4% Rate of return for three years = 9% * 3…

Q: Jackson deposited $5,000 at 3.6% interest rate, compounded continuously when he was 18 years old.…

A:

Q: Sue puts $6000 in an investment account that earns 4% annual interest compounded continuously.  When…

A: Here, rate, r=0.04 initial investment, P=6000 Final investment, A=20,000

Q: Find the length of time required for $1000 to grow to $15 000 if the money was invested at 9%/a…

A: given initial amount=$1000 given final amount=$15000 given rate=9% per year