A developer is considering buying a building for $270,000. She will use a straight-line depreciation schedule for 72 months, at which time the building will have a recovery value of $0. Let y be the value of the property after x months. a) Write the depreciation function y = b) How many months until the building is depreciated to $56,250? months

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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A developer is considering buying a building for $270,000. She will use a straight-line depreciation schedule
for 72 months, at which time the building will have a recovery value of $0. Let y be the value of the
property after x months.
a) Write the depreciation function y =
b) How many months until the building is depreciated to $56,250?
months
Transcribed Image Text:A developer is considering buying a building for $270,000. She will use a straight-line depreciation schedule for 72 months, at which time the building will have a recovery value of $0. Let y be the value of the property after x months. a) Write the depreciation function y = b) How many months until the building is depreciated to $56,250? months
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