Question:

The accompanying table shows the value of a car over time

Last updated: 8/7/2022

The accompanying table shows the value of a car over time

The accompanying table shows the value of a car over time that was purchased for 19000 dollars, where x is years and y is the value of the car in dollars. Write an exponential regression equation for this set of data, rounding all coefficients to the nearest hundredth. Using this equation, determine the value of the car, to the nearest cent, after 16 years.