A color photocopier is purchased for $5200. Its value each year is about 80% of its value in the preceding year. Its value in dollars after t years is given by the exponential function V(t)=5200(0.8)^t
a. After what amount of time will the salvage value be $1200?
What would the formula be to solve for t? Thx. for any help.
a. After what amount of time will the salvage value be $1200?
What would the formula be to solve for t? Thx. for any help.