Financial Algebra Vocab 5-5 and 5-6
straight line depreciation
A line that shows a constant decline in the value of something.
dollar value
value of money that something is worty, depreciates, or appreciates
exponetial decay
rather than the value decreasing by the same dollar amount each yr, it decreases by the same percentage each yr
depreciate
Decrease in value over time.
straight line depreciation equation
The general form for the equation of a straight line is y = mx+b, where "m" represents the slope of the line and "b" represents the y-intercept.
slope
The slope of a line is the numerical value for the inclination or declination of that line and is expressed as a ratio of the change in the vertical variable over the change in the horizontal variable from one point on the line to the next.
appreciate
appreciate Increase in value over time.
exponential depreciation
exponential depreciation the model of exponential decay in the context of auto devaluation
historical depreciation
historical depreciation the devaluation of a car when using historical data
historical data
how a car loses its value over time