car dealership wants to try out a new leasing arrangement, which will allow a buyer to trade a car back to the dealership for a certain amount of credit at any time throughout the first five years of ownership. For a car in good condition, the arrangement will value the car at 1/5 the original price at the end of five years, and will depreciate the value of the car linearly over the course of the five years. What is the value of a car with initial purchase price P at the end of the third year? Write your answer as an expression in terms of P. Write the exact answer. Do not round.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A car dealership wants to try out a new leasing arrangement, which will allow a buyer to trade a car back to the dealership for a certain amount of credit at any time throughout the first five years of ownership. For a car in good condition, the arrangement will value the car at 1/5 the original price at the end of five years, and will depreciate the value of the car linearly over the course of the five years. What is the value of a car with initial purchase price P at the end of the third year? Write your answer as an expression in terms of P. Write the exact answer. Do not round.
 
 
 
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