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Algebra
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OpenStudy (anonymous):
A tractor was purchased for $30,000 six years ago. What is the value of the tractor today if the depreciation rate was 2.5%?
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jimthompson5910 (jim_thompson5910):
Hint: FV = PV*(1-r)^t FV = 30000*(1-0.025)^6 FV = ??
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