A graphing calculator has determined the following exponential regression equation: y = a*bx, a = 28,158.50, b
Question:
a. What is the rate of depreciation for this car?
b. How much is this car worth to the nearest dollar after 6 years?
c. How much is this car worth to the nearest hundred dollars after 39 months?
d. How much is this car worth after y years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a 1 0815 0185 185 b y 28158501 01...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Question Posted:
Students also viewed these Linear Algebra questions
-
A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 20,952.11, and b = 0.785. What is the rate of depreciation for this car? How much is...
-
A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 18,547.23 and b = 0.8625. What is the rate of depreciation 4 for this car? How much...
-
Use a graphing calculator to find A-1, if it exists. a. b. 2 1 10 0
-
Write a program Tree that takes a command-line argument n and produces the following recursive patterns for n equal to 1, 2, 3, 4, and 8. So b b b h l 4 3 2 1
-
WaferCo is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of this...
-
Why is due diligence such a crucial activity?
-
The text explained how database technology may eliminate the need for double entry accounting. This creates three possibilities: (1) the double-entry model will be abandoned; (2) the double-entry...
-
Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $ 280,000 for the lot plus $ 110,000 for the...
-
The total income for African American households of a certain country making under $250,000 in 2008 is given in the following table. Use the table to estimate the mean income for African Americans in...
-
A square matrix A is called idempotent if A2 = A. (The word idempotent comes from the Latin idem, meaning "same;' and potere, meaning "to have power:' thus, something that is idempotent has the "same...
-
Joshua just purchased a 4-year-old car for $12,000. He was told that this make and model depreciates exponentially at a rate of 5.8% per year. What was the original price to the nearest hundred...
-
Tricia is driving 64 miles per hour on an interstate highway. She must make a quick stop because there is an emergency vehicle ahead. a. What is her approximate reaction distance? b. What is her...
-
A 9-W laser beam shines on an ensemble of 10 24 electrons, each in the ground state of a one-dimensional infinite square well 0.72 nm wide. The photon energy is just high enough to raise an electron...
-
In the year 2023, a devastating economic decline occurred that had a significant impact on the banking sector. This resulted in the failure of some banks, which lost a considerable amount of money...
-
Cinder cones, such as Menan Buttes, are dominated by pyroclastic material and are very asymmetric. What causes the asymmetry in cinder cones?
-
George William buys a machine for his business. The machine costs $150,000. George estimates that the machine can produce $40,000 cash inflow per year for the next five years. George's cost of...
-
1. .Shigei Ohtani, the Los Angeles Dodgers slugger has been offered a contract for $800 million. The contract calls for a payment of $20 m per year for 10 years and $100 m per year for the following...
-
12) Lotta Dough just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due. What is the present value of this stream of payments if money can...
-
Determine each of the following as being either true or false. If it is false, explain why. The equation x 2 = (y 1) 2 represents a hyperbola.
-
Anne is employed by Bradley Contracting Company. Bradley has a $1.3 million contract to build a small group of outbuildings in a national park. Anne alleges that Bradley Contracting has discriminated...
-
A fourth-grade class decides to enclose a rectangular garden, using the side of the school as one side of the rectangle. What is the maximum area that the class can enclose using 32 ft offence? What...
-
The sum of the base and the height of a triangle is 20 cm. Find the dimensions for which the area is a maximum.
-
The sum of the base and the height of a parallelogram is 69 cm. Find the dimensions for which the area is a maximum.
-
(1.) Discuss the differences between financial and managerial accounting. What types of documents are prepared by business organization using financial and managerial accounting? (2.) Please visit...
-
you are looking to make an investment which has an expected return of 1 0 . 2 0 you also know the current risk - free reate is 4 . 5 0 inflation is 3 . 6 and the market risk premium is 7 . 5 0
-
Here is the optimal tableau for a standard Max problem. [ z x 1 x 2 x 3 x 4 s 1 s 2 s 3 r h s 1 0 5 3 0 6 5 0 2 7 0 0 0 1 . 3 7 . 5 0 - . 1 . 2 0 6 0 0 2 8 3 6 0 0 - 8 1 2 1 6 0 0 0 - 1 1 5 - 3 1 1 1...
Study smarter with the SolutionInn App