Kathy purchased a new car for $37,800. From her research she has determined that it straight line
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Kathy purchased a new car for $37,800. From her research she has determined that it straight line depreciates over 14 years. She made a $7,000 down payment and pays $710 per month for her car loan.
a. Create an expense and depreciation function where x represents the number of months.
b. Graph these functions on the same axes.
c. Interpret the region before, at, and after the intersection point in the context of this situation.
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a Lets call the number of months x The expense function can be expressed as Expensex 37800 7000 14 y...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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