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Answer:
The value of the printer on the first year was $ 23,750.00. On the second year it was $ 22,562.5. On the third year it was $ 21,434.38.
Step-by-step explanation:
Since the printer depreciates at a rate of 5% per year, I believe the stated equation is miss typed. Therefore I'll answer this with the correct equation that would represent that setting:
In the first year the value of the printer is:
On the second year the value of the printer is:
On the third year the value of the printer is:
The value of the printer on the first year was $ 23,750.00. On the second year it was $ 22,562.5. On the third year it was $ 21,434.38.