Problem

A new car cost $28,000. After 3 years its value is $16,000. The depreciation of the car...

A new car cost $28,000. After 3 years its value is $16,000. The depreciation of the car is assumed to be linear.

a. Find an equation that expresses the value of the car in terms of the age.

b. What is the value of the car after 5 years?

c. When will the car have no value?

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Solutions For Problems in Chapter 1.7