Question: 4. [-/1 Points] DETAILS TANAPMATH7 3.3.006.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Resale Value Garland Mills purchased a certain piece of machinery 4 years

4. [-/1 Points] DETAILS TANAPMATH7 3.3.006.MI. MY NOTES ASK YOUR TEACHER

4. [-/1 Points] DETAILS TANAPMATH7 3.3.006.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Resale Value Garland Mills purchased a certain piece of machinery 4 years ago for $500,000. Its present resale value is $280,000. Assuming that the machine's resale value decreases exponentially, what will it be (in dollars) 5 years from now? (Round your answer to the nearest dollar.) Need Help? Read It Watch It Master It 5. [-/1 Points] DETAILS TANAPMATH7 4.3.018. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Suppose payments will be made for 7 years at the end of each month from an ordinary annuity earning interest at the rate of 4.25%/year compounded monthly. If the present value of the annuity is $49,000, what should 4 be the size of each payment from the annuity? (Round your answer to the nearest cent.) $ Need Help? Read It Watch It

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