Question 177353
a)just plug in 1,2 and 3 for n
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I will do the 2nd one(2years old)
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P=-3000(2)+17000=$11000 wholesale price after 2 years
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b)remember this is written in slope intercept form y=mx+b where m is the slope and b is the y or in ur case the p intercept
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so slope is -3000 and the p intercept is 17000
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c)the p intecept represents the beginning value of the Focus at year 0
the slope represents the change in value each year. In other words each year the Focus loses $3000 worth of wholesale value.