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Resale Value
The estimated resale value R (in dollars) of a company car after t years is given by
R(t) = 17,968 (0.772).
What is the rate of depreciation (in dollars per year) after 2 years? Round to the nearest cent.
The car is depreciating at $
per year.
NOTE: The rate of depreciation is |R' (t)|. Your answer should be positive.
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