A car vehicle price history for a certain make and model contains the following list of yearly
Question:
A car vehicle price history for a certain make and model contains the following list of yearly price values:
$30,000 $28,500 $27,075 $25,721.25.
The original price of the car was $30,000. It exponentially depreciated to $28,500 after 1 year and continued depreciating by the same percentage each year thereafter. What will the value of the car be after 7 years?
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Step by Step Answer:
This is a linear equation with 30000 as the initial value of the vehicle and 28500 as ...View the full answer
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Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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