Answer:
Step-by-step explanation:
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Answer:
The point intersect at (-3/17, 20/17, -4/17)
Step-by-step explanation:
Check attachment for solution
No, because 4/6 would round out to 1/3 whereas 4/8 would round down to 1/2
The predicted value of the car in the year 2006 to the nearest dollar would be $651.
<h3>What is the predicted value of the car?</h3>
The first step is to determine the rate of depreciation
g = (FV/PV)^(1/n) - 1
Where:
FV = value of the car in 2001
PV = value of the car in 1993
n = number ofyears = 8
(2700/26,300)^(1/8) - 1 = -24.76%
Now determine the value of the car in 2006
2700x ( 1 - 0.2476)^5 = $651
To learn more about depreciation, please check: brainly.com/question/25552427