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dealership wants to try out a new leasing arrangement which will allow a buyer to...

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Algebra

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dealership wants to try out a new leasing arrangement which will allow a buyer to trade a car back to the dealership for a certain amount of credit at any ti throughout the first four years of ownership For a car in good condition the arrangement will value the car at depreciate the value of the car linearly over the course of the four years What is the value of a car with initial purchase price P at the end of the third year Write the original price at the end of four years and 4 answer as an expression in terms of P Write the exact answer Do not round swer BEER Keyboard

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