Winnie purchased a new car for $54,000. She has determined that it straight line depreciates to zero over 10 years. When she purchased the car, she made an $8,000 down payment and financed the rest with a 4-year loan at 4.875%. You can use the monthly payment formula from the last chapter to determine the monthly payment to the nearest cent.
a. Create an expense and depreciation function.
b. Graph these functions on the same axes.
c. Interpret the region before, at, and after the intersection point in light of the context of this situation.