ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Daniel’s Print Shop purchased a new printer for $35, 000. Each year it depreciates at a rate of 5%. How much will the printer be worth in 8 years?
A
$23, 219.72
B
$136.72
C
$51, 710.94
D
$16, 710.94
Explanation: 
There is 1 question to complete.
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