car is worth $5600 when it is 7 years old and $4500 when it is 11 years old. What is a formula, in point slope form, that models this situation?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 64SE: A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the...
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A car is worth $5600 when it is 7 years old and $4500 when it is 11 years old. What is a formula, in point slope form, that models this situation?

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