A laptop computer that costs $575 new has a book value of $275 after 2 years.
(a) Find the linear model V = mt + b.
(b) Find the exponential model V = aekt.
(c) Use a graphing utility to graph the two models in the same viewing window. Which model depreciates faster in the first 2 years?
(d) Find the book values of the computer after 1 year and after 3 years using each model.
(e) Explain the advantages and disadvantages of using each model to a buyer and a seller.