Solved: Depreciation After years, the value of a

Chapter , Problem 5.1.71

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Depreciation After years, the value of a wheelchair conversion van that originally cost $49,810 depreciates so that each year it is worth of its value for the previous year. (a) Find a model for the value of the van after years. (b) Determine the value of the van 4 years after it was purchased.

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