Answer:
Step-by-step explanation:
We can plug this into a formula and get
[tex]5,500 = 19,700(.9075)^{?}[/tex]
the .9075 comes from 1 - the depreciation value of 9.25% which converts to .0925 in decimal form.
? is what we are trying to solve for.
We can divide both sides by 19,700 and we get
[tex]\frac{55}{197} = (0.9075)^?[/tex]
so ? is about 13.
