When 1 is added to another 1 they join together to form a 2. Bruh idk what 1+1 long method is. But I hope it helped.
Answer:
328
Step-by-step explanation:
<span>We first calculate the annual straight-line depreciation for the starting 8-year useful lifespan. This is given by the value minus the salvage value (23,000 - 1,500) divided by the 8 year lifespan, resulting in annual depreciation of 2,687.50 dollars. After four years at this rate, the vehicle has depreciated in value by 2,687.50 * 4 dollars (10,750) and has a present value of 12,250 dollars. The useable life is then reduced by 2 years so we must recalculate the straight-line depreciation. This is given by present value minus salvage cost (12,250 - 1,500) divided by the remaining 2 years of usable life. This results in a depreciation expense in both years 5 and 6 of $5,375.</span>
Given:
<span>F= $335,000
n = 30 years at a fixed rate of i = 7.5%
Required:
the total cost of the principal
Solution:
F = P(1+i)^n
P = F/(1+i)^n
P = 335,000 / (1.0.075)^30
P = 38,264.05</span>