laptop computer is purchased for \( \$ 1400 \). After each year, the resale value decreases by \( 35 \% \). What will the resale value be after 4 years? Use the calculator provided and round your answer to the nearest dollar.
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To find the resale value after 4 years, we can apply the formula for depreciation. The resale value \( V \) after \( n \) years can be calculated as: \[ V = P \times (1 - r)^n \] where: - \( P = 1400 \) (initial value), - \( r = 0.35 \) (depreciation rate), - \( n = 4 \) (number of years). Plugging in the values, we get: \[ V = 1400 \times (1 - 0.35)^4 \] \[ V = 1400 \times (0.65)^4 \] \[ V = 1400 \times 0.179 \] (approximately) \[ V \approx 250.6 \] Rounding to the nearest dollar, the resale value after 4 years will be approximately \( \$251 \).