Lily purchased a pan drive worth $800 in the first month of the year of the months. its value depreciates by 2% per month. what will the value of. pan drive be after 6 months use the formula (ya(i-r)t4 and show work

Hello there! I can help you! This question represents exponential decay. The formula for exponential decay is A(1 - r)^t, were A = initial amount, r = rate )in decimal form), and t = time. In this case, we are talking about 2% decaying each month. 2% is 0.02 in decimal form. Subtract this number from 1. 1 - 0.02 is 0.98. That means each time, 98% of he money still remains. Now, we will raise that number to the 6th power, because 2% is per month, and we are solving for a period over 6 months. 0.98^6 is 0.88584238086. This is a long number, but DO NOT delete the number from your calculator. Now, multiply that number by 800 to find the amount after 6 months. When you do, you get 708.673904691 or 708.67 when rounded to the nearest hundredth. There. Lily's pan drive will be $708.67 after 6 months.

Note: I used the formula above to answer the question, because I would be able to give the answer easily.

The main difference between a condominium and a single-family dwelling is the type of ownership that you acquire. With the condominium, you only have sole rights to the interior space of your unit. The walls, land, ground, fence and  facilities are owned in common with the other owners of the complex. With the single-family dwelling, you are the sole owner of the structure and the land it's built on.