We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:
The effective annual yield (EAY) will be:
The EAY is 101.22%
Initial cost = $30,000
Depreciation rate = 2.5%
Depreciation expense per year = 30,000*2.5/100 = $750
In six years,
Depreciation = 6*750 = $4,500
Value of the tractor = Initial cost - Depreciation = $30,000 - $4,500 = $25,500
Answer:
what
Step-by-step explanation:
Answer: true
Step-by-step explanation: