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A Computer Was Purchased in 1999 for $3000

Question 33

Multiple Choice

A computer was purchased in 1999 for $3000. Its value in current dollars depreciates steadily at a rate of 25% per year. What will the computer's value be at the beginning of 2003?


A) $1920.05
B) $949.22
C) $652.28
D) $373.81

Correct Answer:

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