A car was purchased for $5,895 and will depreciate 22% each year. Two functions are given below to determine the value of the car after t years. V is the value of the car after t years. C is the original cost of the car and r is the rate of depreciation. Function #1 V(t)=C(1 – rt) Function V(t) = C (1 – r)^t Compute the yearly value of the car for the first five years using each function and put the data you computed into two separate tables.
Rate of depreciation
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