Suppose you have $15,000 in equipment from your business. You expect the
equipment will be worth 10% less each year.

a.) Your friend says the equipment will be worth nothing in 10 years, since
that would be 100% depreciation. Explain why that is incorrect.

b.) Write an equation for this depreciation.

c.) Find how much the equipment will be worth in 10 years.

this is the formula: v = the value of investment at the end of the time period

p = the principal amount (the initial amount invested)

r = the annual interest rate

n = the annual frequency of compounding (how many times a year interest is added)

t = the number of years the money is invested

^ means raise to the power of

the answer is:

mean: 6

mad: 2.14

the value of x is 28.2