SOLUTION: Question Link file:///C:/Users/chane/Downloads/mceclip0-1648478439790%20(2).webp The graph indicates the resale value of a certain style of Honda Accord LX sedans. The val

Algebra ->  Finance -> SOLUTION: Question Link file:///C:/Users/chane/Downloads/mceclip0-1648478439790%20(2).webp The graph indicates the resale value of a certain style of Honda Accord LX sedans. The val      Log On


   

Question 1200854: Question Link
file:///C:/Users/chane/Downloads/mceclip0-1648478439790%20(2).webp

The graph indicates the resale value of a certain style of Honda Accord LX
sedans. The value of a three-year old Honda LX Sedan 4D was $13,322. The value of an 11-year-old Honda LX Sedan 4D was $4,894. Assume that the depreciation of the vehicle between these years is linear. We want to find the value of a similar car that is eight years old.


Part A: Should the value of an eight-year-old Accord be closer to $13,322 or closer to $4,894?

Part B: You have multiple strategies for determining an estimate for the price of an eight-year-old Accord. Use one of the strategies and determine an estimate.
Estimated value = $

Answer by ikleyn(52824) About Me  (Show Source):
You can put this solution on YOUR website!
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