Tuesday, November 3, 2015

Depreciation

Problem:

Solution:

Part a)

0
17100


2
13544.91
-3555.09
-1777.545
4
10728.92321
-2815.986789
-703.9966973
6
8498.380075
-2230.543136
-371.7571893

Part b)

$ b(r) = 17100 (0.89)^r $

Part c)

The average rate of change of the value of Michael's car with respect to the umber of years since he purchased the car is decreasing.

Part d)

(b(10) - b(2)) / 8

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