A laptop computer is purchased for $3900. Each year, its value is 80% of its value the year before. After how many years will the laptop computer be worth$900 or less? (Use the calculator provided if necessary.)Write the smalest possible whote number answer.years

The time period to cross value below $900 can be calculated as follows : Calculations :

Answered: ess? (Use the calculator pro smallest…

Business

Finance

ess? (Use the calculator pro smallest possible whote.nu

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 23P

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