Value of a Forklift. Elliot buys a new forklift for his business. It will cost $140,000 and will decrease in value each year. The graph below shows the value of the forklift after the first 6 years of ownership. falue ($) 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 V 1 2 3 4 Time in years 5 6 t a. How much is the forklift worth after 6 years? The forklift will be worth $ after 6 years. c. Find the slope of this line. The slope of this line is b. After how many years is the forklift worth $80,000? The forklift will be worth $80,000 after years. d. By how many dollars per year is the forklift decreasing in value? The forklift is decreasing by $ in value per year. e. Find the equation of this line where Vis the value after tyears.

Price of Gold. The price of gold (end-of-year closing price in dollars per troy ounce) is shown in the table below. Year 1986 1996 2006 2016 Price $391 $369 $636 $1152 The prices shown in the table are not adjusted for inflation. Revise the above table to express all prices in terms of 2016 dollars. If you bought 3 ounces of gold in 1986 and sold it in 1996, would you have seen a profit (adjusted for inflation)? Explain. If you bought 3 ounces of gold in 2006 and sold it in 2016, would you have seen a profit (adjusted for inflation)? Explain.

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You invest $400. After 1 year the total investment is ,$414.40. Use A=P+PRT to find the simple interest rate for the investment where A is the total of the investment, P is the principal amount invested and r is the annual simple interest rate and t is the time in years.