algebra
posted by harpreet .
daniel's print shop purchased a new printer for $35'000.each year it depreciates (loses value ) at a rate 5%.what will its approximate value be at the end of the fourth year?
1)$33,250.00
2)$30,008.13
3)$28,507.72
4)$27,082.33

I'll be glad to check your answer.
Respond to this Question
Similar Questions

math
Daniel's print shop purchased a ner printer for $35000. Each year it depreciates (loses value) at a rate of 5%. what will its approximate value be at the end of the fourth year? 
9th grade algebra
daniels print shop purchased a new printer for $35,000. Each year it depreciated at a rate of 5%. What will its approximate value be at the end of the fourth year? 
Advanced Functions
he value of a new car depreciates at a rate of 12% per year. Write an equation to represent the approximate value of a car purchased for $23 000. Determine the value of the car two years after it is purchased. Approximately how many … 
algebra
kathy plans to purchase a car that depreciates (loses value)at a rate of 14%per year initial cost of the car ia $21,000.which equation represents the value,v,of the car after 3 years? 
math
Real Estate an office building purchased for $1, 200,000 is appreciating because of rising property values in the city. At the end of each year its value is 105% of its value at the end of the previous year. a. Use a recursive formula … 
Math
Real Estate an office building purchased for $1, 200,000 is appreciating because of rising property values in the city. At the end of each year its value is 105% of its value at the end of the previous year. a. Use a recursive formula … 
Algebra
Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000? 
Algebra
Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000? 
Advanced Algebra
Depreciation: A construction company purchases a bulldozer for $160,000. Each year the value of the buldozer depreciates by 20% of its value in the preceeding year. Let V sub n be the value of the bulldozer.(Let n=1 be the year the … 
Math
in 2016, you purchased a new car for $20,000. The value of the car depreciates at a rate of 18% per year. The value V of the car after t years is given by the function V(t)=20000(0.82)t. When will the car be worth threequarters of …