Reference no: EM13596576

Question: You want to convince your parents to buy you Apple s new, second generation, iPad specifically with 32 GB of space. However, your parents argue that Apple releases new generations so frequently, it would be a massive waste of money to buy the latest model. In fact, most gadgets depreciate exponentially.

BUT WAIT! Your parents have decided to make a deal with you. If you can mathematically prove that the iPad 2 will be worth at least $200 in five years, they will buy you one.

So here s the information you collected on the first generation iPad. In 2010, the cost was $600. In 2011, the cost is $500. Assuming the iPad 2 will follow the same exponential model, prove that the iPad 2 will be worth at least $200 in five years.