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OpenStudy (anonymous):
The cost of a piece of machinery is $45,000. What is the value after five years with a depreciation rate of 12%? A. $21,252.06 B. $23,747.94 C. $42,364.03 D. $44,730.65
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OpenStudy (tkhunny):
Straight? Compound? 1 - 12% = 0.88 I would try this first, 45000*0.88^5
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