Depreciation A 2005 Jeep Wrangler that costs $30,788 new has a book value of $18,000
Chapter 3, Problem 43(choose chapter or problem)
Depreciation A 2005 Jeep Wrangler that costs $30,788 new has a book value of $18,000 after 2 years. (a) Find the linear model (b) Find the exponential model (c) Use a graphing utility to graph the two models in the same viewing window. Which model depreciates faster in the first 2 years? (d) Find the book values of the vehicle after 1 year and after 3 years using each model. (e) Explain the advantages and disadvantages of using each model to a buyer and a seller.
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