1. The resale value R (in dollars) of a company car after t years is estimated to be given by

a. What is the initial value of the car? (2 points)

2. What is the initial rate of depreciation of the car (in dollars per year)? (4 points)

3. What is the value of the car in 3 years? (2 points)

4. What is the rate of depreciation (in dollars per year) after 3 years? (4 points)

5. Use parts c & d to estimate the value of the car after 4 years. (4 points)