Work these exercise. (See Example.)A Volkswagen Beetle convertible sedan is worth $16,615...

Work these exercise. (See Example.)

A Volkswagen Beetle convertible sedan is worth $16,615 now and is expected to be worth $8950 in 4 years.

(a) Find a linear depreciation function for this car.

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(b) Estimate the value of the car 5 years from now.

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(c) At what rate is the car depreciating?

Example

According to the Kelley Blue Book, a Ford Mustang two-door convertible that is worth $14,776 today will be worth $10,600 in two years (if it is in excellent condition with average mileage).