A car is originally worth $43,500. It takes 12 years for this car to totally depreciate. a.
Question:
a. Write the straight-line depreciation equation for this situation.
b. How long will it take for the car to be worth one quarter of its original price?
c. How long will it take for the car to be worth $20,000? Round your answer to the nearest tenth of a year.
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Step by Step Answer:
a Use 0 43500 and 12 0 to find the slope y 2 y 1 x 2 x 1 0 ...View the full answer
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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