1.During the first year of a brand-new car, it was valued at $900 000. A year after, you started saving #65 000 per year in order to purchase it. Years have passed and you were able to save 520 000. You tried to check the same model that you wanted to buy. However, you were informed that it depreciated in value by a regular amount for every year that has passed. Its current market value is only 100 496.

(a) How many years have passed since the release of the car to the market?

(b) By how much did the car depreciate each year?

(c) Suppose you already projected that the car will depreciate its value, in what year should you be able to purchase the car after its release to the market?​