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16 June, 23:28

Calvin purchases a piece of heavy machinery for $32,300. The value of the machine depreciates at an annual rate of 8.3%. Which function of represents the value of the machine with an approximate equivalent monthly depreciation rate?

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  1. 17 June, 00:19
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    32,300 / 8.3 = x, how much value it loses monthly.

    x = $3891.56627
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