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A company purchased manufacturing equipment for $64,000 in 2012. The equipment depreciates to a scrap value of $4,000 in 8 years. Find a linear equation

A company purchased manufacturing equipment for $64,000 in 2012. The equipment depreciates to a scrap value of $4,000 in 8 years. Find a linear equation expressing the equipment's value at the end of t years where t=0 corresponding to 2012.

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