The value of an automobile purchased in 2014 can be approximated by the function V(t)=23(0.86)t, where t is the time, in
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The value of an automobile purchased in 2014 can be approximated by the function V(t)=23(0.86)t, where t is the time, in
The value of an automobile purchased in 2014 can be approximated by the function V(t)=23(0.86)t, where t is the time, in years, from the date of purchase, and V(t) is the value, in thousands of dollars. (a) Evaluate and interpret V(4). NOTE: Round your answers to three decimal places. V(4)= thousands of dollars. V(4) is (b) Find the exact expression for V′(t). NOTE: Enter the exact answer. V′(t)= (c) Evaluate and interpret V′(4). NOTE: Round your answers to three decimal places. V′(4)= thousands of dollars per year.
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