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OpenStudy (anonymous):
If a car cost $17,500 when its new, how much will it be worth 4 years later. Use the function V=N*e^-0.23t
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OpenStudy (stormfire1):
\[V = Ne ^{-.023t}\]so just plug in the values:\[V=$17,500e ^{-.023(4)}\]=$15961.84
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