Williams Loader Service bought a backhoe for $325,000. It is expected to last for 20 years, at which time it will be worth $50,000.
a. Write a function describing the value of the machine at any time during its lifetime. Be sure to state the domain.
b. Find the value of the backhoe after seven years.
c. If the backhoe is replaced when its value is $100,000, how long can the owner expect to have the machine?
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