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The value x of a new piece of equipment depreciates by 20% of the original price each year over a 5-year period. Three years from now - what will be the value of a piece of equipment that is new today?

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The value x of a new piece of equipment depreciates by 20% of the original price each year over a 5-year period. Three years from now - what will be the value of a piece of equipment that is new today?






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