APPLICATION Phil purchases a used truck for $11,500. The value of the truck is expected
Chapter 6, Problem 9(choose chapter or problem)
APPLICATION Phil purchases a used truck for $11,500. The value of the truck is expected to decrease by 20% each year. (A decrease in monetary value over time is sometimes called depreciation.)Many people, like these ranch workers in Montana, rely on a truck for work and leisure.a. Find the trucks value after 1 year. b. Write a recursive routine that generates the value of the truck after each year. c. Create a table showing the value of the truck when Phil purchases it and after each of the next 4 years. d. Write an equation in the form y = A(1 r)x to calculate the value, y, of the truck after x years. e. Graph the equation from 9d, showing the value of the truck up to an age of 10 years.
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