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0) Many assets such as cars and furniture depreciate (loose value) following function of time, each yoar loosing a fixed percentage of the initiel value. aj Supposo the value of a car that initielly Costs $25, 000 depreciates by 7% of its original value each Find a formula a linear year. for its value P(t) after t years. b) if a TV set is completely depreciated after 12 years C linear deprecialion) and its initial value is $800, tind a for mula for its value, Wit) after t years.

0) Many assets such as cars and furniture depreciate (loose value) following function of time, each yoar loosing a fixed percentage of the initiel value. aj Supposo the value of a car that initielly Costs $25, 000 depreciates by 7% of its original value each Find a formula a linear year. for its value P(t) after t years. b) if a TV set is completely depreciated after 12 years C linear deprecialion) and its initial value is $800, tind a for mula for its value, Wit) after t years.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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0) Many assets such as cars and furniture depreciate (loose value) following a linear function of time, each yoar loosing a fired percentage of the initiel value. a Supposo the value of a car that initielly Costs $25, 000 depreciates lby 7% of its original value each year. Find a formula for its value P(t) after t years. b) if a TV set is completely depreciated after 12 and its initial value is #800, find a for mula for its yalue, Wit) aftert years C linear deprecialion) years.
Transcribed Image Text:0) Many assets such as cars and furniture depreciate (loose value) following a linear function of time, each yoar loosing a fired percentage of the initiel value. a Supposo the value of a car that initielly Costs $25, 000 depreciates lby 7% of its original value each year. Find a formula for its value P(t) after t years. b) if a TV set is completely depreciated after 12 and its initial value is #800, find a for mula for its yalue, Wit) aftert years C linear deprecialion) years.
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