A company’s equipment manager buys $7,000 worth of equipment. This equipment depreciates 19% each year. The manager can replace the equipment after its value falls below $500.After how many years can the manager first replace the equipment?

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A company’s equipment manager buys $7,000 worth of equipment. This equipment depreciates 19% each year. The manager can replace the equipment after its value falls below $500.After how many years can the manager first replace the equipment?

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