Suppose you buy a brand new car for $25,000. The car's value depreciates each year by $2,000. How much is the car worth after 1 year? How much is the car worth after 2 years? Write a slope intercept equation

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  1. Math (Pre-Cal) (Exponential Functions)

    A car was valued at $38,000 in the year 2003. The value depreciated to $11,000 by the year 2009. Assume that the car value continues to drop by the same percentage. -What will the value be in the year 2013?

  2. Math

    Kevin is trying to determine whether to lease or purchase a car. The purchase price is $42,000 and he has been approved for a 4- year loan with a 5.75% interest rate. He assumes the car's value will depreciate 8% each year, and he intends to sell the car

  3. Math

    A car depreciated (decreased in value) by 25% during the first year. If the car were purchased for $28,000, what is the car worth at the end of the first year?

  4. algebra

    A car cost $25,750.00 and depreciates in 20% per year how much will the car be worth in 5 years

  5. Sat Math

    Gary learned that the value of his car depreciates by 15% per year. Which of the following functions best describes the value of his car the year after the car is worth m dollars? A. f(m) = 0.15m B. f(m) = 0.85m C. f(m) = 1 - 0.15m D. f(m) = 1 - 0.85m

  6. Math

    The value of a car after it is purchased depreciates according to the formula v(n)=28000(0.875)^n where v(n) is the car's value in the nth year since it was purchased. How much value does it lose in its fifth year? The answer is $2052 but I don't see how;

  7. algebra

    Suppose a car that sells for $40,000 depreciates 10% per year. How many years would it take for the car to have a value less than $25,000

  8. math

    A rule of thumb used by car dealers is that the trade-in value of a car decreases by 30% each year. That is, the value at the end of any year is 70% of its value at the beginning of the year A.Suppose that you own a car whose trade-in value is presently

  9. MATH

    a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is $23,500. write an equation expressing the trade in value of your car as a function of the number of

  10. math

    In a study of the domestic market share of the three major automobile manufacturers A, B, and C in a certain country, it was found that their current market shares were 60%, 30%, and 10%, respectively. Furthermore, it was found that of the customers who

  11. math

    Magnus purchased a car for $35,865. It depreciates about 3.6% each year. What is the value of the car after ten years?

  12. math

    The value of a new car decreases exponentially.Suppose your mother buys a new car for 22,000. The value of the car decreases by 20% each year. a.what is the initial price of the car. The decay factor. b. write an equation to model the value of the cars

  13. Finance

    You are interested in a new Ford Taurus. After visiting your Ford dealer, doing your research on the best leases available, you have three options. (i) Purchase the car for cash and receive a $1,900 cash rebate from Dealer A. The price of the car is

  14. math

    Suppose you buy a brand new car for $25,000. The car's value depreciates each year by $2,000. How much is the car worth after 1 year? How much is the car worth after 2 years? Write a slope intercept equation that expresses the value of the car related to

  15. Advanced Functions

    he value of a new car depreciates at a rate of 12% per year. Write an equation to represent the approximate value of a car purchased for $23 000. Determine the value of the car two years after it is purchased. Approximately how many years will it take

  16. math

    Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car?

  17. Algebra 2..

    a rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is $23,500. write an equation expressing the trade in value of your car as a function of the number of

  18. Calculus

    After t years, the value of a car that originally cost $16,000 depreciates so that each year is is worth 3/4 of it's value for the precious year. Find a model for V(t), the value of the car after t years. Sketch a graph of the model and determine the value

  19. algebra

    kathy plans to purchase a car that depreciates (loses value)at a rate of 14%per year initial cost of the car ia $21,000.which equation represents the value,v,of the car after 3 years?

  20. Math 12

    A car is purchased for $30,000. It depreciates at a rate of 18% per year. What equation would represent the value, y, of the car after x number of years? Use this equation to find the value of the car after five years.

  21. math

    Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest cent.

  22. math - Help

    The value of a $20,000 car decreases every year, t. The equation below model this situation. 20,000(1-0.04t) = 13,000 How many years will the car be worth $13,000? Round to the nearest tenth if necessary. I got 20,000(.96t)= 13,000, but I don't believe

  23. Algebra 1

    You buy a used car for $20,000. It depreciates at the rate of 21% per year. Find the value of the car for the given years (5 and 8) I'm using the equation v=c(1-r), and i end up getting 6154.11 ; im not sure if i subtract that from 20,000 or if that is my

  24. algebra

    ben bought a car for $20,000 in 2003. The car depreciates at a constant rate of 21% per year . Find the price of the car in the year 2010 . Round to nearest dollar

  25. Math

    A new car depreciates as soon as you drive it out of the parking lot. A certain car depreciates to half its original value in 4 years. IF you bought a car 8 years ago, and it's now worth $5,000, how much did you pay for the car originally?

  26. math

    A new car is purchased for the price of $35,000. If the value of the car depreciates at a rate of 12% per year, when will the car be worth half of the original rate? I put down (this was wrong): 35000 (0.12/12) = 75000 350 (0.12/12) 175 = 612.5 = about 6

  27. Math

    Victor bought a brand new car for P750,000. If the value of the car depreciates 20%per year, what will it be worth during the fourth year?

  28. Algebra

    The value of almost everything you own, such as a car, computer, or appliance, depreciates over time. When the value decreases by a fied amount each year, the depreciation is called straight-line depreciation. Suppose your car has an initial value of

  29. Math

    in 2016, you purchased a new car for $20,000. The value of the car depreciates at a rate of 18% per year. The value V of the car after t years is given by the function V(t)=20000(0.82)t. When will the car be worth three-quarters of its original value?

  30. Algebra

    Trish bought a new car at a cost of $40,000. The car depreciates approximately 12% of its value each year. What will the car's value be in five years?

  31. math

    a car depreciates in by avalue of $1000 per year. The original value of the car is $30,000. Let V(x) be the value of the car in x years. Write the linear function that represent the value of the car in x years. what will be the value of the car after 7

  32. math

    I need help: The value of a new car decreases dramatically as soon as it leaves the dealership. Assuming that you just bought a new car with $20,000 and that it depreciates at a rate of 2% a month. How much will the car be worth in one year?

  33. Algebra

    The value of many things we own depreciates over time. When an asset's value decreases by a fixed amount each year, the depreciation is called straight-line depreciation. Suppose your Ford Escape from Exercise 1 depreciates $1950 per year. a.Let v

  34. Math III

    1. Traci purchases a car for $16,000. If its depreciates by 12% per year, what will be the car's value in 5 years? 2. The population of flies in Mr. Bunn's classroom doubles every 5 days. If there where 10 flies on the first day of school, when will the

  35. math

    A new car depreciates an average of 22% in its first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?

  36. math

    Value of a new car depreciates at a rate of 12% per year. It is worth $23 000. Approximately how many years will it take until the car is worth $2300?

  37. MAth

    If you pay $950,000 for a car and its value depreciates 10% per year. how much will be its worth 5 years from now?

  38. math

    Yesterday, the price of a car Andy wanted to buy was $20,000. Today the car is on sale for $15,000.00. What is the percent decrease in the price of the car?

  39. Finance

    You are interested in a new Ford Taurus. After visiting your Ford dealer, doing your research on the best leases available, you have three options. (i) Purchase the car for cash and receive a $1,900 cash rebate from Dealer A. The price of the car is

  40. math

    you purchase an suv for $26,000. A year later the car is worth only $24,800. If the value of the car continues to depreciate at that rate, a. find the linear equation that determines the value of the car based on the number of years you own it. b. when

  41. algebra

    a brand new car that is originally valued at $25,000 depreciates by 8% per year. what is the value of the car after 6 years?

  42. pre cal

    you decide to buy a car for 25000. each year your car depreciates in value by 5% from its original value. After 15 years though, your used car will only be worth $500 to a dealership. Write a piece wise function for C(t), car value over time, for this

  43. Math

    1. Victor brought a brand new car for 750,000. IF the value of the car depreciates 20% per year, what will it be worth during the fourth year? 2. Given the terms a10 = 3/512 and a15 = 3/16384 of a geometric sequence, find the exact value of the first term

  44. Finance

    After deciding to buy a new car, you can either lease the car or purchase it on a 3-year loan. The car costs $32,000. The lease offer is for $450/month for 36 months, with only $99 due up front. If you buy the car with a 3-year loan, the APR is 7% with

  45. English

    The best way to buy a car How much you're willing to spend on it Rather you want it to b a cheap car, which means used. Or if you want it to be the kind of car that causes you money, which means brand new. Look in different locations. car lots, the

  46. Algebra

    Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000?

  47. Algebra

    Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20% of its value the previous year. In how many years will the car be worth $5000?

  48. Algebra, Mathematics

    A $40 000 car depreciates at a rate of 13% per year. a) Write an equation to represent this situation. b) Find the value of the car in 3 years. c) How long does it take for the car to be worth half it's value?

  49. Algerbra 2

    Billy buy a car for 16,400.his car depreciates in value 24% each year. What was the value after 2 years?

  50. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  51. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  52. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  53. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break down with probability

  54. FINAN & QUANTITATIVE LITERACY

    You currently drive 288 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-efficient car for $15,000 (after trade-in on your current car) that gets 48 miles per gallon. Insurance premiums for the new and old

  55. Computer Science

    You want to buy a new car, and you are thinking about two alternatives, car A and car B. You like both cars, and you are considering keeping whichever one you buy for many years to come. As a result, you want to evaluate the total cost of ownership of both

  56. Computer Science

    You want to buy a new car, and you are thinking about two alternatives, car A and car B. You like both cars, and you are considering keeping whichever one you buy for many years to come. As a result, you want to evaluate the total cost of ownership of both

  57. Precalculus

    Becca bought a car in 2015 for $12,000. The value of the car depreciates by 16% each year. Write a function that expresses the example Thank you so much for the help :)

  58. maths

    a car depreciates at rate of 10%per year. the car cost £20000 new. (a) explain why the car wont be worth £16000 after 2 years (b) show that the car will be worth £16200 after 2 years and find the value of the car after 3 years (c) describe the type of

  59. math

    Sam bought a new car for $26,500. The car depreciates approximately 13% of its value each year. A) What is the decay factor for the value of this car? b) Write an equation to model the decay value of this car? c) What will the value of the car be in 10

  60. College Algebra

    A cars value is declining exponentially. The car is currently 3 years old and has a value of 18,000. The car sold for 26,000 brand new. Find the rate at which the value of the car is decreasing. So far my equation is 18,000=26,000 (3-.04)^the But I'm not

  61. Math

    A new car depreciates an average of 22% in its first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?

  62. Finance

    A new car depreciates an average of 22% in its first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?

  63. eco

    during2004 the national average gas price rose from $1.50 a gallon to $2.25 a gallon. the government has stated that the high price of gas will remain as it is. discuss how this cost influences your decision to buy a new car. based on your budget, would

  64. math

    Sam bought a new car for $26,500. The car depreciates approximately 13% of its value each year. a) What is the decay factor for the value of this car? b) Write an equation to model the decay value of this car?

  65. Math

    diondre purchased a car for $22000. assuming the value of the car depreciates at a rate of 6% per year, approximately what will be the value of the car after 6 years

  66. math

    A car costs $45000. The cost of the car depreciates by 30% each year. How muck will the car be worth in five years?

  67. English

    The best way to buy a car. In the first place, people enjoy the companionship of car. Cars can be helpful in many ways. The best thing they are good for is going places. It is good to know that you have your own car. Owning your own car means not having to

  68. English

    The best way to buy a car. In the first place, people enjoy the companionship of car. Cars can be helpful in many ways. The best thing they are good for is going places. It is good to know that you have your own car. Owning your own car means not having to

  69. Math

    In 2004, your family bought a new car for $15,000. Each year the value of the car is decreasing approximately 15% per year. Your father plans to keep the car 5 years before he buys another new car. What will be the value of the car when he's ready to

  70. Business Math

    Nancy would like to accumulate $10,000 by the end of 3 years from now to buy a used car from her friend,Jin. She has $2,500 now and would like to save equal annual end of year deposits to pay for the car. Calculate how much should she deposit at the end of

  71. Maths

    A car depreciates in value by 15% for the first year and for each year later by 12% of its value at the beginning of that year. Calculate the percentage decrease in the value of the car after 3 years. Could someone please confirm the answer to be 38.048

  72. business law

    im kind of confused about the concept on agency Tania had apparent authority to buy a car for Sharon, provided the price was less than $10,000. Tania has now entered into an agreement to buy a car, on Sharon's behalf, from Douglas for $15,000. the answer

  73. business law

    im kind of confused about the concept on agency Tania had apparent authority to buy a car for Sharon, provided the price was less than $10,000. Tania has now entered into an agreement to buy a car, on Sharon's behalf, from Douglas for $15,000. the answer

  74. Algebra 1

    Cassandra bought a car for 22,385. The value depreciates 14% a year. a. Write a function, d(x), that gives the value of the car after x years. b. What will the value of Cassandra's car be after 10 year

  75. math

    Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest cent.

  76. math

    Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest cent

  77. Math

    You bought a new car for $26,500 in 2005, and the value of the car depreciates by $900 each year. Find a formula for V, the value of the car, in terms of t, the number of years since 2005.

  78. Algebra

    Three years after purchase, a car is estimated to be worth $24,000. At five years, its value is $19,000. If the car is depreciating in a linear manner, write an equation that represents the depreciation of the car. Answer the following questions: a. How

  79. Math

    Barbara knows that she will need to buy a new car in 2 years. The car will cost 15,000 by then How much should she invest now at 10% compounded quarterly, so that she will have enough to buy a new car?

  80. Algebra

    Of two-car families in a small city, 88% remain two-car families in the following year and 12% become one-car families in the following year. Of one-car families, 72% remain one-car families and 28% become two-car families. Suppose these trends continue

  81. math

    Value of a new car depreciates at a rate of 12% per year. Approximately how many years will it take until the car is worth $2300?

  82. Finance

    Debbie Snyder has just graduated from college and needs to buy a car to commute to work. She estimates that she can afford to pay about $ 450 per month for a loan or lease and has about $ 2,000 in savings to use for a down payment. Develop a plan to guide

  83. math

    Debbie Snyder has just graduated from college and needs to buy a car to commute to work. She estimates that she can afford to pay about $ 450 per month for a loan or lease and has about $ 2,000 in savings to use for a down payment. Develop a plan to guide

  84. Math

    1. A car is worth $23000 in Jan 2017 in the first year the car depreciates by 15 percent per annum and then 7 percent every year after that. a) what will the car be worth in Jan 2023? b) when will the car be worth $5000? 2. In 2017 the population of a

  85. finance

    You have only saved 2,000. You are going to trade in your old car and get a new one. The dealership has offered you 3,000 for your trade, and you have accepted their offer. The car you want to buy costs 23,000 but you talked them down to 21,000. The

  86. Algebra1

    3. Jackson bought a car for $11,000.00. After 2 years, the value of the car is $7,860.00. If the value of the car depreciated linearly, how much did the car depreciate each year?

  87. math

    A car is sold for $22,000. After one year, the value of the car is $16,500. Write an exponential function y to determine the value of the car after x years if the rate of decrease is the same each year.

  88. MATH HELP PLEASE I HAVE NEVER BEEN MORE CONFUSED

    The value of a car decreases at a constant rate. After 1 year the value of the car is $20,000. After 2 more yearsit is $14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years.

  89. math

    The value of a car decreases at a constant rate. After 1 year the value of the car is $20,000. After 2 more yearsit is $14,000. Write an equation in slope-intercept that represents the value y (in dollars) of the car after x years.

  90. algebra

    A car generally depreciates 25% of its original value in the first year. A car is worth $27000 after the first year. What was its original cost?

  91. Algebra 1

    Cassandra bought a car for 22,385. The value depreciates 14% a year. a. Write a function, d(x), that gives the value of the car after x years. b. What will the value of Cassandra's car be after 10 years

  92. math

    Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth $23,000 new, in about how many years will the car be worth $3,000?

  93. algebra 2 ap

    Jason uses his car for his job. He is allowed to depreciate the car 7% per year. IF the car was worth $23,000 new, in about how many years will the car be worth $3,000?

  94. Math: Personal Finance

    In order to buy a new car, you finance $20,000 with no down payment for a term of five years at an APR (Annual Percentage Rate) of 6%. After you have the car for one year, you are in an accident. No one is injured, but the car is totaled. The insurance

  95. Math

    consider 2 car loans A) 5.9% APR and 3,000 'cash back' B) 1.9% APR and no cash back both loans are repaid after 5 years pick any car to buy and calculate the total amount owed at the end of 5 yearrs. which loan is better choice. the car i have choosen in

  96. psychology

    Paul thinks of himself as an excellent negotiator after purchasing a brand new car.two months later,his brother in -law Noah purchases the same model for $1,000 less than Paul paid!According to cognitive dissonance theory,Paul will probably: a)decide that

  97. Math

    You want to buy your dream car, but you are $5,000 short. If you could invest your entire savings of $2,350 at an annual interest rate of 12%. How long would you have to wait until you have accumulated enough money to buy the car?

  98. MATH

    NEED EXTREME HELP! A rule of thumb used by car dealers is that the trade in value of a car decreases by 20% of its value each year. suppose the initial value of your car is $23,500. write an equation expressing the trade in value of your car as a function

  99. more logarithms help!

    the depreciated value, V, of a car can be calculated using V = C91-r)^n, where C is the original value, r is the rate of depreciation per yeat and n is the age of the car in years. how long would it take for a $24,000 car to be reduced to a value of $2500

  100. Statisic for managers

    Brand new to statistics ,no strong math background please help. Case 6.1 Suppose that you are a contestant on Lets make a deal. Monty has just given you a free trip touring toxic waste sites around the country. He now offers you a trade: Give up the trip

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