A new car is purchased for 24800 dollars. The value of the car depreciates at 12% per year. What is the y-intercept (starting value)? *

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Answer:

$24,800

Step-by-step explanation:

that's how much the car costs at year 0

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Answer:

Step-by-step explanation:

The starting value, y intercept, is just the initial value as it has not depreciated when time or x is zero.

The equation described is y=24800(0.88)^x

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