Your parents buy a new computer for you at a cost of $2500. The computer depreciates (decreases) in value at a rate of 20% per year. After 5 years, how much is the computer worth? (Round to nearest cent.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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Your parents buy a new computer for you at a cost of $2500. The computer depreciates (decreases) in value at a rate of 20% per year. After 5 years, how much is the computer worth? (Round to nearest cent.)
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