The original cost of a van is $550,000; however, it is estimated that its value will depreciate
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The original cost of a van is $550,000; however, it is estimated that its value will depreciate by 8% annually.
a. Obtain a linear function that expresses the value of the van as a function of time.
b. Indicates the time that must elapse for the value of the truck to decrease to $300,000.
c. Draw the graph of the depreciation function and indicate its domain of application.
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