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A manufacturer's suggested retail price for a base model 2022 Ford Bronco is $36, 450 and, with depreciation, the car is expected to be valued at $27200 in 5 years. Consider 2022 as year zero. a. Find a linear depreciation function for this car. b. Estimate the value of the car 9 years from year zero. c. At what rate is the car depreciating per year?

A manufacturer's suggested retail price for a base model 2022 Ford Bronco is $36, 450 and, with depreciation, the car is expected to be valued at $27200 in 5 years. Consider 2022 as year zero. a. Find a linear depreciation function for this car. b. Estimate the value of the car 9 years from year zero. c. At what rate is the car depreciating per year?

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A manufacturer's suggested retail price for a base model 2022 Ford Bronco is $36, 450 and, with depreciation, the car is expected to be valued at $27200 in 5 years. Consider 2022 as year zero. a. Find a linear depreciation function for this car. b. Estimate the value of the car 9 years from year zero. c. At what rate is the car depreciating per year? d. According to this model, how many years will pass before the car is worth zero dollars, round to the nearest integer. e. Include a desmos graph with the linear function and the answer to part b, as an ordered pair, on your graph.
Transcribed Image Text:A manufacturer's suggested retail price for a base model 2022 Ford Bronco is $36, 450 and, with depreciation, the car is expected to be valued at $27200 in 5 years. Consider 2022 as year zero. a. Find a linear depreciation function for this car. b. Estimate the value of the car 9 years from year zero. c. At what rate is the car depreciating per year? d. According to this model, how many years will pass before the car is worth zero dollars, round to the nearest integer. e. Include a desmos graph with the linear function and the answer to part b, as an ordered pair, on your graph.
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