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OpenStudy (love_to_love_you):
Please help! Will fan and medal!
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OpenStudy (love_to_love_you):
A new car costs $42,000 and decreases in value by 12% each year. Write the function modeling this and then determine the value of the painting at 5 years. Show all steps
OpenStudy (love_to_love_you):
does anyone know?
OpenStudy (welshfella):
value at year n = 42000(1 - 0.125)^n
OpenStudy (welshfella):
so plug in n = 5 to work out the value after 5 years
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