A new 2014 luxury sedan that sold for $39,780 has a book value V of $25,459 after 2
Chapter 4, Problem 41(choose chapter or problem)
A new 2014 luxury sedan that sold for $39,780 has a book value V of $25,459 after 2 years.
(a) Find a linear model for the value V of the sedan.
(b) Find an exponential model for the value V of the sedan. Round the numbers in the model to four decimal places.
(c) Use a graphing utility to graph the two models in the same viewing window.
(d) Which model represents a greater depreciation rate in the first year?
(e) For what years is the value of the sedan greater using the linear model? the exponential model?
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