The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t) = 800,000(0.9)*

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
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Chapter5: Inverse, Exponential, And Logarithmic Functions
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What is the rate of depreciation​ (in dollars per​ year) after 5 ​years?

The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t) = 800,000(0.9)*
Transcribed Image Text:The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t) = 800,000(0.9)*
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