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August 30, 2014

Homework Help: math word problem

Posted by chandice on Wednesday, July 8, 2009 at 10:09pm.

The owner of a
rental house can depreciate its value over a period of 27 1/2
years, meaning that the value of the house declines
at an even rate over that period of time until the value is $0

a. By what fraction does the value of the house depreciate
the first year?

b. If the house is judged to be worth $85,000, what is
the value of the first year’s depreciation?

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