Exponential Decay) 4) The value of a car declines exponentially at 7.5% per year. Find the original value of the car if its value when it was 4 years old was OMR 14816.36 Write the formula and solve it
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Exponential Decay)
4) The value of a car declines exponentially at 7.5% per year. Find the original value of the car if its value when it was 4 years old was OMR 14816.36
Write the formula and solve it
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- 1. You bought a new car for $42000. Assume the value of the car depreciates by 17% each year. complete the table Age of the Car in years Calculation Value 0 N/A 42000 1 42000*0.83 2 3 4 ... N/A N/A 10 b. Use the table to find a pattern and develop a formula to model the V= value of the car, after n years. c. linear or not linear?Q2. The value of a car declines exponentially at 7.5% per year. Find the original value of the car if its value when it was 4 years old was OMR 7408.ALEKS- Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the time to reach a limit in a word problem on exponential growt... years A car is purchased for $31,000. Each year it loses 30% of its value. After how many years will the car be worth $9700 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. Explanation Check X myPascoConnect S 15 © 2023 McGraw Hill LLC. All Rights Reserved Terms of Use Privacy Center Ha
- s- ver Exercise 9.6.31. [A] 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. Does the value of the car ever reach $0?1) If you buy a brand-new car for $21,500.00 that does not become a classic and depreciates 15% per year, what will it be worth in the following amount of years: 1 5 10 20 Will this car ever be "worthless" based on your formula? Approximately how many years will it take to be worth less than: $500 $100 $1The value of a car that is t years old can be modeled by V(t)= 420,000(0.965)^t .what would be the car's worth in 2 years time? How many years will the car be worth $325,000?
- please not use of excel.and correctly solve if you know then explains Q)Suppose that you borrowed $18,306 for 36 months to buy a car last year at 5.5% APR compounded monthly. What's the present value of the remaining payments after you made 11 monthly payments?1.a. A renter would like to save $25,000 for a down payment for a house. She currently has saved $18,000. At what interest rate, compounded monthly, would she need to invest $18,000 in order to have $25,000 in 5 years? (Round the percent to two decimal places) b. A car with an initial value of $45,000 depreciates (loses value) exponentially. The value of the car after 2 years is estimated to be $36,225. Write an exponential function in the form y=C(b^t) to model the value of the car after tt years. What does your model predict the value of the car to be after 10 years? I think the answer is approximately $8,200 if the normal depreciation rate is 15.60%. Is that correct.SUBJECT: ENGINEERING ECONOMICS (a) Identify the Given and the Unknown or what is being asked in the problem (b)Provide the formula to be used (c)Show the complete solution. The final answer is already provided. You plan to deposit P100 into a savings account at the end of each month for the next 5 years. a.)At 3% compounded monthly, how much will you have accumulated at the end of 5 years? b.)How much difference would it make if the payments were made at the beginning of the month rather than at the end? Answer: a.) F = P6,464.67, b.) F value difference = P196.63
- 7. You plan to save every year and accumulate $150,000 in 6 years to make the down payment for your house. To achieve your financial goal, you plan to make a deposit of $20,000 per year into a bank account paying 6% annual interest. The first deposit will be made a year from today. a. Draw a timeline to visualize the problem. b. Can you achieve your financial goal? (Show your work to answer this question) c. If not, what is the minimum deposit you need to make per year in order to achive your goal? 8. You are pursuing a Bachelor's in Finance at a business school, and you will need $20,000 per year for the next 4 years to cover your college expenses. That is, you plan to withdraw $20,000 at the end each of the next 4 years, starting one year from today. To support your college education, your parents decide to make a deposit today into a bank account paying an 8% annual interest. This deposit should be sufficient to cover the four $20,000 withdrawals you will make over the next 4 years.…4. Suppose you want to buy a car that costs $27000 with a loan at 3.875% APR and you want your payment to be below $290. How many years do you need to finance the car? ______ years show work.4) Without doing any math, who do you think will end up with the largest amount of money invested at an annual rate of return of 9% over the next 42 years? A) Jim saves $1,200 per year for the first 14 years and then stops putting any new money into the account for the remaining 28 years. B) Jeremy saves nothing for the first 14 years and saves $1,200 per year for the next 14 years and then puts no more money into the account during the last 14 years. C) Jerry saves nothing for the first 14 years and then saves $1,200 per year for the remaining 28 years. D) Joey saves nothing for the first 14 years and then saves $1,500 per year for 14 years then stops putting any new money into the account for the remaining 14 years. E) John saves nothing for the first 10 years and saves $1,500 per year for the remaining 32 years.