The resale value of a certain industrial machine decreases at a rate that depends on its age.

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The resale value of a certain industrial machine decreases at a rate that depends on its age. When the machine is t years old, the rate at which its value is changing is −960e^−t/5 dollars per year.

a. Express the value of the machine in terms of its age and initial value.

b. If the machine was originally worth $5,200, how much will it be worth when it is 10 years old?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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Question Posted: Jun 24, 2023 04:40 AM

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The resale value of a certain industrial machine decreases at a rate that depends on its age.

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a Let Vt denote th...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

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