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a farmer buys a new tractor for $146,000 and assumes that it will have a trade-in value of $92,000 after 10 years. the farmer uses a constant rate of depreciation to determine the annual value of the tractor.

(A) Find a linear model for the depreciated value V of the tractor t years after it was purchased.

(B) what is the depreciated value of the tractor after 6 years?

(C) when will the depreciated value fall below $5o,00?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9499344

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