Equation Model 1. Follow the directions in the presentation to complete each Model slide. • On the Equation slide, determine an overall annual rate of depreciation for your vehicle. Explain how you determined your rate. Use the rate to write an equation to model the approximate value of the new car for any number of years after this year. • On the Graph slide, graph the equation using Desmos. Be sure to label the axes appropriately. Calculate Depreciation Follow the directions in the presentation to complete each Calculate slide. 1. On the Average Rates of Change slide, approximate the value of your vehicle 5 years from now, 10 years from now, and 20 years from now. Then determine the average rates of change for each time period, where the current year is Year 0. Interpret the rates of change in context of the situation. 2. On the Monthly Rate slide, give the monthly rate of depreciation. Write an equation that you can use to approximate the value of the vehicle for any number of months after it is purchased. Discuss how you can use either of your equations to approximate the value of the car after any length of time. Provide examples in your explanation. Reflect: Car Depreciation Look back over your presentation. Answer any two of the following questions. 1. If you were buying the car you chose in your presentation, would you buy it new or used? Explain. Use values from your presentation to support your explanation as necessary. 2. If you were buying the car you chose in your presentation as a used car, about how old would you want the car to be? Explain. Use values from your presentation to support your explanation as necessary. 3. What are some possible flaws in the method used to determine the approximate rate of depreciation for your car? What changes would you make? 4. Different vehicles have different rates of depreciation. What factors could affect a car’s rate of depreciation? Do you think your vehicle has a lower or higher rate of depreciation than the average? Why? Submission Confirm that your presen