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company purchases cars for use by its executives. The purchase cost this year is $30,000. The cars are kept for 3 years, after which they are expected to hav

company purchases cars for use by its executives. The purchase cost this year is $30,000. The cars are kept for 3 years, after which they are expected to hav

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 13E
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A company purchases cars for use by its executives. The purchase cost this year is $30,000. The cars are kept for 3 years, after which they are expected to have a resale value of $8,000. If accountants use straight-line depreciation, determine the function which describes the book value V as a function of the age of the car t.

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