A print shop purchases a new printer for $25,000. The equipment depreciates at a rate of 5% each year. The relationship between
the value of the printer, y, and the year number, x, can be represented by the equation, y = 25,000 • 0.95 x . Complete the table below with the value of the printer, to the nearest cent, in years 1, 2, and 3. Include proper commas and decimals in your answer.
To complete the table, just use the given equation to solve for the corresponding values of y. and i think the formula is wrong, it should be y = <span>25,000 • 0.95^x</span>
at x = 1 <span>a0 = y = 25,000 • 0.95^x </span>a0 = <span>25,000 • 0.95^(1) a0 = 23750.00