Lawrence Recently Purchased a New Car for $32,000

Essay

Lawrence recently purchased a new car for $32,000.His research through Kelly Blue Book gave him a straight-line depreciation model of y = −3,500x + 32,000.He hopes to sell the car after its value has decreased by 40%.Lawrence's car payment is $630 per month for 60 months.How many months will it take before he tries to sell his car? If he is successful in selling the car for his goal price,what will the cost of the car have been per month after he pays off his loan?