Question: A landscape company purchased a backhoe for $56,395. The value of the backhoe each year is 90% of the value of the preceding year. After

A landscape company purchased a backhoe for $56,395. The value of the backhoe each year is 90% of the value of the preceding year. After t years, its value, in dollars, is given by the exponential function
V(t) = 56,395(0.9)t .
a) Graph the function.
b) Find the value of the backhoe after 0, 1, 3, 6, and 10 years. Round to the nearest dollar
c) The company decides to replace the backhoe when its value has declined to $30,000. After how long will the machine be replaced?

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