Question:
. Salvage Value. A landscape company purchased a backhoe for
Last updated: 7/13/2022
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. Salvage Value. A landscape company purchased a backhoe for $56,395. The value of the backhoe each year is 90% of the value of the preceding year. After t years, its value, in dollars, is given by the exponen- tial function V(t) = 56,395 (0.9)'. I a) Graph the function. b) Find the value of the backhoe after 0, 1, 3, 6, and 10 years. Round to the nearest dollar.