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Use Edmond's True Cost to Own (TCO) tool to do the following: Select a make, model, year, and style of car. Select an even model year. Click "Go" and...
Robert Sorg
2018 Volvo XC90 T6 Insciption
COLLAPSE
Total Cash Price: $66,043
ordered pair (0, 66,043)
1 year depreciation: $13,873
ordered pair (1, 52,170)
5 year depreciation $35,140
ordered pair (5, 30,903)
Average rate of change over 1 year: (66,043-52,170)(0-1)= -13,873
Average rate of change over 5 years: (66,043-35,140)(0-1)= -30,903
The average rate of change helps us see what a car can be worth after 5 years. Being in the car sales industry I can see how this is beneficial to the consumer but I would like to point out this is an average. Many factors go into determining the value of any vehicle.
*I attached the discussion question that was being asked this is a students response, how can i respond to this and what question can be asked for him to explain his work or make the discussion going?*
