Use the information about car values on
page 564
to explain how you can use exponential decay to determine the current value of a car. Include a description of how to find the percent decrease in the value of the car each year and a description of how to find the value of a car for any given year when the rate of depreciation is known.
GET READY for the Lesson
Years after
Purchase
0
1
Certain assets, like homes, can
Appreciate or increase in value over
time. Others like cars, depreciate
or decrease in value with time
Suppose you buy a car for $22,000
and the value of the car decrease
by 16% each year. The table shows
the value of the car each year
for up to 5 years after it
was purchased
Valueet
Car (5)
22,000.00
18.480.00
15,922.20
13,039.49
10,952.17
9200 66
2
3
4
5
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more