(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.) Table 2: Luxury Sedan's Value x Value ($) 1 23,125 2...

(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars)x years after its purchase. (Use 4 decimal places in all answers.)
Table 2: Luxury Sedan's Value

A. What exponential equation,V(x) best fits the data, wherex is the number of years after purchase andV(x) is value of the vehicle afterx years?

V(x) =

B. What isr
²?

r
² =

C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)
The purchase price of the vehicle after 10 years will be $

 .


D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)
The luxury sedan should be about

 years old.