A motorcycle is depreciating at 13% per year, every year. A student's $10,900 motorcycle depreciating at this rate can be modeled by the equation V(t) = 10,900(0.87)t. What is an equivalent equation for this vehicle as a monthly depreciation and, using this equation, what is the motorcycle worth (rounded to the nearest hundred dollar) 6 years after purchase?

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Mercury · Answer

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