A laptop is purchased for $1700. After each year, the resale value decreases by 25%. What will be th

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A laptop is purchased for $1700. After each year, the resale value decreases by 25%. What will be the resale value after 5 years?

Let R(t) be the Resale value at time t:
R(t) = 1,700(1 - 0.25)^t

We want R(5)
R(5) = 1,700(1 - 0.25)^5
R(5) =1,700(0.75)^5
R(5) =1,700 * 0.2373
R(5) = $403.42