SOLUTION: A boat was purchased for $40,000. Assuming that the boat depreciates at a rate of $4200 per year (straight-line depreciation) for the first 8 years, write the value v of the boat a

Algebra ->  Finance -> SOLUTION: A boat was purchased for $40,000. Assuming that the boat depreciates at a rate of $4200 per year (straight-line depreciation) for the first 8 years, write the value v of the boat a      Log On


   



Question 1128513: A boat was purchased for $40,000. Assuming that the boat depreciates at a rate of $4200 per year (straight-line depreciation) for the first 8 years, write the value v of the boat as a function of the time t (measured in years) for
0 ≤ t ≤ 8.
v(t) =

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
v(t)=40000-4200t 0<=t<=8