An office machine is purchased for 7300 Assume that its salvage value V in dollars...
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An office machine is purchased for 7300 Assume that its salvage value V in dollars depreciates according to a method called double declining balance by 30 each year and is given by V t 7300 0 70 where t is the time in years after purchase a Find V 3 and explain its meaning b Find V 3 and explain its meaning c When will the salvage value of the office machine be half of the purchase price a V 3 to the nearest cent as needed

An office machine is purchased for 7300 Assume that its salvage value V in dollars depreciates according to a method called double declining balance by 30 each year and is given by V t 7300 0 70 where t is the time in years after purchase a Find V 3 and explain its meaning b Find V 3 and explain its meaning c When will the salvage value of the office machine be half of the purchase price a V 3 to the nearest cent as needed
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