Emma purchased a refrigerator for $1,450. It depreciates about 0.8% each year. What is the value of the refrigerator after five years?

Question

anonymous · Answer

8% or $.8\%$?

anonymous · Answer

if it is $.8\%$ then after 5 years it would be worth 
$$1450\times (.992)^5$$

anonymous · Answer

.8%^ your so funny you have answer like all my questions alredy

anonymous · Answer

1392.92

anonymous · Answer

it is $.992$ since $.8\%=0.008$ and $1-0.008=.992$

anonymous · Answer

that is what i get, yes

anonymous · Answer

Do you want to help me with my last question of the day?lol
Elliot has deposited $723 in a savings account that earns interest at a rate of 2.9% compounded twice a year. What will the account balance be in 23 years?

anonymous · Answer

$$723\times (1+\frac{.029}{2})^{46}$$

anonymous · Answer

Your a gift from the gods thank you=3

anonymous · Answer

http://www.wolframalpha.com/input/?i=723%281%2B.029%2F2%29^46 about $1401.95 they are easy once you know the formula do you have the formulas for these?

anonymous · Answer

Yeah the words are just what trows me off=D

anonymous · Answer

ok well it sounds like you are done in any case

anonymous · Answer

bye thansk again

anonymous · Answer

yw again