SOLUTION: A lawn mower cost $490 when new and is expected to last 10 years. What will it be worth in 6.5 years?
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Question 322374: A lawn mower cost $490 when new and is expected to last 10 years. What will it be worth in 6.5 years?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
In 10 years, it will be worth $0.
Find the slope of the depreciation curve using the points (0,490) and (10,0).
Find y when x=6.5
The value would be $171.50.
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