Answer:
[tex]\$10,018.58[/tex]
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
[tex]V=P(1-r)^{x}[/tex]
where
V is the depreciated value
P is the original value
r is the rate of depreciation in decimal
x is Number of Time Periods
in this problem we have
[tex]P=\$13,430\\r=4.1\%=0.041\\x=7\ years[/tex]
substitute the values
[tex]V=\$13,430(1-0.041)^{7}=\$10,018.58[/tex]
