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Example 4

After graduating college, Kellen purchased a new car for $18,400. The value of the car depreciates, or loses value, by $1,750 each year she owns it. What will be the value of Kellen’s car after 8 years of ownership? Write an explicit formula to describe the scenario.
This applet is provided by Walch Education as supplemental material for their mathematics programs. Visit www.walch.com for more information.