Fred bought a fancy lawnmower, paying $4,599.00. (Because $4,600.00 would have been just too much to spend!) One
year later he took it back to the dealer with the intention of trading it in on a newer, fancier model. The dealer offered him
$3,000 to trade it in. Fred still owed $4,000 on the mower, so he decided to keep it. Now he wants to create a
mathematical model to estimate the value of the mower t years after he originally purchased it. He knows an exponential
growth/decay model is appropriate. Which of the following equations can Fred use to find the appropriate growth/decay
constant?
A) 4599 4000e^k
B) 3000 4599e^k
C)4000 = 3000e^k
D 3000 4000e^k
E 4599 3000e^k