Essay
A piece of equipment is originally worth $18,000 and its worth decreases by a factor of 0.6 each year.
A) Find a formula that gives the equipment's value , V, as a function of the years, y, since its purchase.
B) Use the formula to find the worth of the equipment after 3 years.Round your answer to the nearest cent.
Correct Answer:
Verified
Correct Answer:
Verified
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