Question
A charter fishing company buys a new boat for $224 000 and assumes that it will have a trade in value of $115 200 after
A charter fishing company buys a new boat for $224 000 and assumes that it will have a trade in value of $115 200 after 16 years.
(A) Find a linear model for a depreciated value V of the boat t years after it was purchased.
(B) What is the depreciated value of the boat after 10 years?
(C) When will the depreciated value fall below $100 000?
Please show steps, So I can understand, thank you!
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Modeling the Dynamics of Life Calculus and Probability for Life Scientists
Authors: Frederick R. Adler
3rd edition
840064187, 978-1285225975, 128522597X, 978-0840064189
