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The value of a machine, V, at the end of t years is given by...

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The value of a machine, V, at the end of t years is given by V = C(1-r)', where C is the original cost and r is the rate of depreciation. Find the value of a machine at the end of 4 years if the original cost was $2387 and r = 0.2. Round to the nearest cent.

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