HW24

The answers to HW 24 were....

1.a.i. $10,500

1.a.ii. $2521.05

1.a.iii. $423.71

1.b. V(t) = 15000 ( 1 - .30 ) ^t = 15000 (.7) ^t , where t is the number of years after 1990.

2. Clarabell is wrong. The more expensive car will NEVER be worth less than the cheaper car. We verified this by looking at the graph of the two equations, looking at the table of the two equations, and by trying to find the intersection of the two equations.