Answer:
Step-by-step explanation:
The standard form of an exponential function is
[tex]y=a(b)^x[/tex] where y is the value of the car after x years have gone by, a is the initial value of the car and b is the rate of depreciation. For us, that looks like this:
[tex]y=64000(.18)^{4.5[/tex] where 64000 is the initial value of the car, .18 is the depreciation rate, and 4.5 is 54 months in years. Doing the math on that gives us that the value of the car will be $51,840 4.5 years after it's purchased new.
