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