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The value of a car decreases the older it gets. Matthew bought a new car for $14,000. Every year, the value of his car decreases by 5%. Write a function formula f(x) for the value of Matthew's car where x represents the number of years since he bought it.
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f(x)=14,000 minus (1-.05)^x
should be right, its been a long time since ive worked that formula
Formula should be \[\large y=14000(0.95)^{x}\]
times not minus sorry. hes right
but write f(x) not y because it is a function
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good point, forgot about that piece \[\large f(x)=14000(0.95)^x\]
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