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ioda
2 years ago
11

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?
Mathematics
1 answer:
Setler [38]2 years ago
8 0

The worth of the washer/dryer combo in 4 years would be $1357.22.

<h3>What would be the worth in 4 years?</h3>

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: brainly.com/question/18760477

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When calculating a loan’s effective interest rate, if the nominal rate is 8. 5%, what value of i do you plug into your equatio
natta225 [31]

The nominal rate to plug in will be 0.085.

Given to us, the nominal rate is 8.5%,

The value to plug into your equation,

The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.

Thus, the nominal rate is 8.5% can be written as

\begin{aligned}Nominal rate&= 8.5\%\\&= \dfrac{8.5}{100} \\&= 0.085\end{aligned}

Hence, the nominal rate to plug in will be 0.085.

To know more visit:

brainly.com/question/12522729

6 0
2 years ago
What is the profitability index of an investment with cash flows in years 0 thru 4 of -340, 120, 130, 153, and 166, respectively
ki77a [65]

The profitability index of an investment with cash flows in years 0 thru 4 of -340, 120, 130, 153, and 166, respectively, and a discount rate of 16 percent is: 15%.

<h3>Profitability index</h3>

First step is to find the Net present value (NPV)  of the given cash flow using discount rate PVF 16% and PV of cash flow which in turn will give us net present value of 49.7.

Second step is to calculate the profitability index

Profitability index  = 49.7/340

Profitability index  = .15×100

Profitability index=15%

Therefore the profitability index of an investment with cash flows in years 0 thru 4 of -340, 120, 130, 153, and 166, respectively, and a discount rate of 16 percent is: 15%.

Learn more about Profitability index here:brainly.com/question/3805108

#SPJ4

3 0
1 year ago
How much feet is in a mile
frutty [35]

Answer:

5280

Step-by-step explanation:

6 0
2 years ago
Read 2 more answers
Ratio 15 to 35 written as a fraction
PilotLPTM [1.2K]

15/35

3/7 the answer is 3/7 which is written in the lowest terms

5 0
3 years ago
What is the sales tax of a $178.90 video game system is the tax rate is 3.75%
juin [17]
It would be: 178.90 * 3.75%
= 178.90 * 0.0375
= 6.71

In short, Sales tax would be $6.71

Hope this helps!
3 0
3 years ago
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