The value of an automobile bought in 2006 continues to

Chapter 3, Problem 3.1 Review

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The value of an automobile bought in 2006 continues to decreaseas time passes. Two years after the car was bought, itwas worth $17,500; four years after it was bought, it was worth$14,300.a. Assuming that this relationship between the number ofyears past 2006 and the value of the car is linear, write anequation describing this relationship. [Hint: Use orderedpairs of the form (years past 2006, value of the automobile).]b. Use this equation to estimate the value of the automobilein 2012.

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