The sport utility vehicle which costs $22,800 new has the book value of $11,500 after 2 years.
(a) Determine the linear model
V = mt + b.
(b) Determine the exponential model
V = aekt.
(c) Utilize the graphing utility to graph two models in same viewing window.
(d) Determine book values of vehicle after 1 year and after 3 years utilizing each model.