Mathematics, 02.04.2020 22:30, 727

3. A farmer purchases a new tractor for $120,000. This tractor depreciates at a rate of 11% for the
first 5 years and then 7% each year thereafter. What is the value of the tractor in 8 years? *
(5 Points)
$53,899
$47,239
$163,531
$67,149

Answers: 2

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3. A farmer purchases a new tractor for $120,000. This tractor depreciates at a rate of 11% for the<...