Questions:
- Noreen purchased her new 1986 Camaro
in October, 1985. Although the car is still in very good condition, she has
decided to buy the newest model available in October, 1999. What model will
she be purchasing? And, based on the list prices given in the table of the
application, how much more will she have to spend?
Answer
- Dave, Noreen’s friend, purchased
his first Camaro at the same time Noreen did. But he purchased a 1985 model
that was still on the car lot. Since then, he has bought a new Camaro in 1990
and 1996. Based on the figures in the table, how much more has Dave spent
on purchasing Camaros than Noreen (disregard any money from reselling of the
older models)?
Answer
- Amy has decided to sell her 6-year
old Camaro. She has decided to price the car based on the formula P =
17,683 – 1787n, where n is the age of the car in years. Based
on the formula, what should she expect to get for the car?
Answer
- Upon selling her old
car, Amy plans to buy a new 2000 Camaro Z28 in bright red. She will
put the money from the old car towards the new car. Assume that she gets the
price that she is asking (see problem #3), and using the table, how much more
will the list price of the new car be?.
Answer
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