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A piece of equipment is depreciated over 1 0 years. It costs $ 1 5 , 0 0 0 and has a scrap value of

A piece of equipment is depreciated over 10 years. It costs $15,000 and has a scrap value of $3500. For the first 4-years, the straight line method is used. For the last 6-years, the constant percentage method is used with a depreciation rate of d. What value of d is needed?

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