What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent,

Question:

What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent, for a car that originally sells for $30,000 when new but exponentially depreciates after 5 years to $18,700?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

See More Books

Question Posted: Apr 14, 2016 04:50 AM

See More Questions

The additional sleep, to the nearest tenth of an hour, obtained by a sample of 100 patients by using a particular brand of sleeping pill We have presented a data scenario. In each case, decide which...
Where appropriate, round your answer to the nearest tenth of percent. Determine the answer to the question. What is 15% of $45.00?
Where appropriate, round your answer to the nearest tenth of percent. Determine the answer to the question. What is 6.5% of $150.00?
Show that an emission tax and an absolute emission standard are equivalent instruments to regulate a polluting monopolist if and only if the standard is binding.
Peach Computer Co. outsources the production of motherboards for its computers. It is currently deciding which of two suppliers to use: Alpha or Beta. Due to differences in the product failure rates...
John is represented by Attorney Monty Stratton. With their attorneys' guidance and advice, the parties continue to negotiate to reach a complete Marital Settlement Agreement. They have reached an...
State the three types of maintenance schemes used for machinery.
Casey Corporation is a manufacturing company that makes small electric motors it sells for $25 per unit. The variable costs of production are $10 per motor, and annual fixed costs of production are...
Refer to the annual report of BHP annual report 2023 (including the table of contents) and answer the following questions: . Review all the sections within the selected company's annual report that...
Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2500 kits was prepared for the year. Fixed operating expenses...
The car that Diana bought is 8 years old. She paid $6,700. This make and model depreciates exponentially at a rate of 14.15% per year. What was the original price of the car when it was new?
What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent, for a car that originally sells for $52,000 when new but exponentially depreciates to $45,000...
What is the Fourier transform of x (t) = d dt2x (t+1)
When should brands consider using magazine advertising?
How are direct marketing methods different from traditional advertising methods?
Define and explain the difference between advertising and promotion.
What makes the Internet interactive?
What are the strategic uses of out-of- home and transit advertising in an IMC campaign?
Target Corporationlike all other businessesmakes adjusting entries at year-end in order to measure assets, liabilities, revenues, and expenses properly. Examine Target Corporations balance sheet and...
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
The shape of y = x2, but shifted right 6 units and up 2 units Write an equation for a function that has a graph with the given characteristics.
The shape of y = x2, but reflected across the x-axis and shifted right 3 units and up 4 units Write an equation for a function that has a graph with the given characteristics.
The shape of y = |x|, but stretched horizontally by a factor of 2 and shifted down 5 units Write an equation for a function that has a graph with the given characteristics.
Calculating Present Values Imprudential, Inc., has an unfunded pension liability of $645 million that must be paid in 25 years. To assess the value of the firm's stock, financial analysts want to...
Describe the operating activities of each company noting similarities and difference between COCA COLA & PEPSICO. Identify two economy wide factors and industry wide factors that could impact on the...
The trial balance for a company listed the following account balances at December 31, Year 1, the end of its fiscal year: cash, $36,000; accounts receivable. $31,000; Inventory, $45,000; equipment...

What is the exponential depreciation rate, expressed as a percent to the nearest tenth of a percent,

Question:

Step by Step Answer:

18700 300001 r 5 06...View the full answer

Financial Algebra advanced algebra with financial applications

Students also viewed these Linear Algebra questions