The manufacturer's suggested retail price (MSRP) for a particular car is $24,555, and it is expected to be worth $13,459 in 4 years.(a) Find a linear depreciation function for this car.(b) Estimate the value of the car 7 years from now.(c) At what rate is the car depreciating?(a) What is the linear depreciation function for this car?f(x)=(Simplify your answer. Do not include the $ symbol in your answer.)(b) What is the estimated value of the car 7 years from now?$(c) At what rate is the car depreciating?The car is decreasing in value an average of $a year.

Answered: Image /qna-images/answer/0bb764ba-1d2e-4b5d-ad56-fcbd67a66b1c.jpg

Answered: The manufacturer's suggested retail…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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At the time of her grandson's birth, a grandmother deposits $12000 in an account that pays 4% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? This is what I have thus far: P=12000 r=4% = 0.04 t=21 (#of years) n=12 (monthly) A=12000(1+0.04/12)12(21) A=12000*1.003 = 1203612(21) having trouble calculating the exponents. I am getting $25527.98, but answer is $27758 and I don't know what I am doing wrong, please help
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. For example, if Eloisa invests in an I-bond which compounds twice a year with APR 8%, 8% then each 6 months, the money in the account will be assessed 4% interest. This 2 is 4% semi-annual growth. Thus the growth factor is 1.04. (a) Fill in the table for how much money is in Eloisa's I-bond at each time after initial investment of $200, assuming the interest rate does not change. 1.5 years 2 years t years t amount 0 months 6 months $200 = 1 year (b) As a percent, how much larger is Eloisa's account after one year compared to her original investment? What was the percent change?
K The manufacturer's suggested retail price (MSRP) for a particular car is $25,275, and it is expected to be worth $14,427 in 4 years. (a) Find a linear depreciation function for this car. (b) Estimate the value of the car 5 years from now. (c) At what rate is the car depreciating? (a) What is the linear depreciation function for this car? f(x) = (Simplify your answer. Do not include the $ symbol in your answer.) (b) What is the estimated value of the car 5 years from now? (c) At what rate is the car depreciating? The car is decreasing in value an average of $ a year.
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