Answered

Get insightful responses to your questions quickly and easily on IDNLearn.com. Join our interactive community and get comprehensive, reliable answers to all your questions.

Emma pays $2,600 for a washer/dryer combo. Each year, the appliance loses 15% of its resale value. How much will it be worth in 4 years?

Sagot :

The worth of the washer/dryer combo in 4 years would be $1357.22.

What would be the worth in 4 years?

When the value of an asset declines, it is said to be depreciating. This means that the cost of the washer/dryer combo declines with the passage of time.

The formula that can be used to determine the worth of the washer is: FV = P (1 - r)^n

  • FV = Future value
  • P = Present value
  • R = rate of decline
  • N = number of years

$2600 x (1 - 0.15)^4 = $1357.22

To learn more about future value, please check: https://brainly.com/question/18760477

Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.