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Hello I am in need of assistance with this problem. Thanks!
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The salvage value S​ (in dollars) of a company yacht after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t)=700000(0.8)^t
Rate of depreciation after 1 year?
Rate of deprecation after 5 years?
Rate of depreciation after 10 years?
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