Building on the analytical and leadership skills developed in your Math class, you run a successful small business for 2 years. After selling the business, you purchase a new car for
$55000
. The value of the car after
t
years is given by the function
V(t)=55000(0.75)^(t)
where
t
is the number of years after the purchase and
V(t)
is the value of the car in dollars. Determine
V(7)
.
V(7)=
?
Interpret the meaning of
V(8)=5506
.
?
Select an answer Determine
V^(')(t)
?
Determine
V^(')(7)
V^(')(7)=
?
Interpret the meaning of
V^(')(8)=-8900
.
?
Select an answer Explain how the value of
V^(')(1)=-11867
might affect your decision to buy a new car.
?