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The salvage value S (in dollars) of a company yacht after t years is estimated to be given by the formula below. Use the

The salvage value S (in dollars) of a company yacht after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t) = 600,000(0.7) What is the rate of depreciation (in dollars per year) after 1 year? per year (Do not round until the final answer. Then round to the nearest cent as needed.)

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