A new building that costs $1,000,000 has a useful life of 100 years and a scrap value of $200,000. Using straight-line depreciation, find the equation for the value V in terms of t, where t is in years.  V(t) =  Find the value after 1 year, after 2 years, and after 90 years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
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Problem 29RE: For the following exercise, consider this scenario: In 2004, a school population was 1,700. By 2012...
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A new building that costs $1,000,000 has a useful life of 100 years and a scrap value of $200,000. Using straight-line depreciation, find the equation for the value V in terms of t, where t is in years. 
V(t) = 


Find the value after 1 year, after 2 years, and after 90 years.

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