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

Question

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] · Answer 1 · 2023-03-03T16:27:28+03:00

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