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OpenStudy (anonymous):
The scrap value at the end of its useful life is given by S(n)=C(1-r)^n, Where C is the original cost, n is the useful life of the machine in years, and r is the constant annual percentage of value lost. Find the scrap value of the original machine. Original Cost: $52,000; Life: 11 years; annual rate of value lost:11% S(9)= 52,000 91-11)^9
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