Write an equation giving the stereo resale value

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you buy a new stereo for $1300 and are able to sell it 4 years later for #275. Assume that the resale value for the stereo decays exponentially with time. Write an equation giving the stereo's resale value V (in dollars) as a function of the time t (in years) since you bought it. Find the rate of depreciation.

Reference no: EM13197286

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