5 You buy a car for $15,000 and for tax purposes you depreciate it at a rate of 11% per year. (a) At the end of 24 months, what is the value of the car? (b) At the end of 5 years, what is the value of the car? (c) Find the exponential equation that gives the value of the car after t years. (d) Does the value of the car ever reach $O?
5 You buy a car for $15,000 and for tax purposes you depreciate it at a rate of 11% per year. (a) At the end of 24 months, what is the value of the car? (b) At the end of 5 years, what is the value of the car? (c) Find the exponential equation that gives the value of the car after t years. (d) Does the value of the car ever reach $O?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 13CT
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Question
5
You buy a car for $15,000 and for tax purposes you depreciate it at a rate of 11% per year.
(a) At the end of 24 months, what is the value of the car?
(b) At the end of 5 years, what is the value of the car?
(c) Find the exponential equation that gives the value of the car after t years.
(d) Does the value of the car ever reach $O?
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