My new car was purchased for $30,000 but every 6 months it loses 10% of its...
A computer purchased for $750 loses 11% of its value every year. The computer's value can be modeled by the function v(t) = 2.6', where v is the dollar value and t the number of years since purchase. (A) In the exponential model a = and b (B) In how many years will the computer be worth half its original value? Round answer to 1 decimal place. The answer is years
A computer purchased for $750 loses 11% of its value every year. The computer's value can be modeled by the function v(t) = a · b', where v is the dollar value and t the number of years since purchase. (A) In the exponential model a = and b = (B) In how many years will the computer be worth half its original value? Round answer to 1 decimal place. The answer is years
• 1) A new car is purchased and a $20,000 loan is taken. The loan is for 5 years (60 months) and the interest rate is 7.9% compounded monthly. What is the monthly payment? • 2)A new car is purchased and a $20,000 loan is taken. The loan is for 5 years (60 months) and the interest rate is 7.9% compounded monthly. What is the balance after 3 years? . 3) A new car is purchased and a $30,000 loan...
A new truck costs $32000. The truck's value depreciates over time which means it loses value. For tax purposes depreciation is calculated linearly. So V (current value) is equal to the P (original price) -n (years) times x (depreciation value). V = P- nx.f t Ihe truck is worth $24,500 after three years find the depreciation value constant x. Now use that to write a formula write a general formula for the value (V) after n years. Your equation will only...
A drug loses decayrate percent of its potency every month. Also, a drug is considered expired if it loses more than 50% potency. Your goal is to write a function WhenExpired(decayrate) that returns the number of months after which the drug is considered expired. Expected Value Notes WhenExpired(4.0) should return 6 16 WhenExpired(0.5) should return 16 1 WhenExpired(55.5) should return 3 When Expired(12) should return 3 | WhenExpired(0) should return 0 WhenExpired(-1.0) should return 0 O WhenExpired(100) should return 0...
Suppose a plant puts out a new shoot, and that shoot has to grow two months before it is strong enough to support branching. If it branches every month after that at the growing point, write a recursion equation to describe number of branches after n months, B(n), and find its closed form, where B(1) = 1 and B(2) = 1.
+-/3 points TanFin11 5.3.038. My Notes Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $17,000 at a rate of 4.1%/year compounded monthly. Her bank is now charging 6.8%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3 years for each loan....
A laptop computer is purchased for $3900. Each year, its value is 70% of its value the year before. After how many years will the laptop computer be worth $400 or less? Write the smallest possible whole number answer.
Jimbo will receive $X every 8 months, starting 10 months from today. He will receive these payments forever. His stated annual interest is 6%, compounded every two months. Find X if the present value of all of the payments is $75,000. I know the answers is c=$3,075.75 but I don't know how to solve it Can someone help me solve this without using excel?
can someone help me with the step by step solution to this? 8) A Tesla Model X sells for $104,350; if the car depreciates or loses 17% of its value each year: 10 pts a) Find its value after 4 years b) How soon will it be worth only half its original value?