A factory purchased a machine for $35,000. the value of the machine depreciates at a rate of 10% each year.

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Owen Vazquez

Mathematics

13 May, 05:36

A factory purchased a machine for $35,000. the value of the machine depreciates at a rate of 10% each year.

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Miguel Yoder · Answer 1

If you're finding the future value: P=35,000 (1-.1/1) ^1. this is assuming you want to know the value of it after one year. if you want it to be more years, like two : P=35,000 (1-.1/2) ^2. When entered into the calculator enter it like so : 35,000 (1 - (.1/1)) ^1. when that's done you end up with $31,500. that's the machine's worth. it lost 3,500. 35,000-31500.