The historical prices of a car are recorded for 17 years as shown. a. Construct a scatterplot

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The historical prices of a car are recorded for 17 years as shown.

a. Construct a scatterplot for the data.
b. Determine the exponential depreciation formula that models this data. Round to the nearest hundredth.
c. Determine the depreciation rate.
d. Predict the value of this car after 140 months.

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:49 AM

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The historical prices of a car are recorded for 17 years as shown. a. Construct a scatterplot

Question:

Age Value Age Value 0 42,000 9 14,800 137,420 1013,000 2 34,000 11 11,245 3 29,400 12 10,211 4 26,200 13 9,400 5 23,700 14 8,100 6 20,990 15 7,500 7 18,200 16 6,290 8 16,876

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a The minimum on the xaxis is 0 the maximum is 20 and th...View the full answer

Financial Algebra advanced algebra with financial applications

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