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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

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