Question

When Kora graduates, she plans to purchase a hybrid car for $26,000. She does some research...

When Kora graduates, she plans to purchase a hybrid car for $26,000. She does some research and finds that in the first year the value of the car drops by $500 each month. After that, the value drops 14% per year.

  1. Write a piecewise-defined function to model the value of the car with respect to the number of months since Kora purchased the car.

  2. What will the car be worth 10 years after Kora purchases it?

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