Modeling the Value of a Classic Car
The Ford car company manufactured the "first generation" of Bronco SUVs from
1966 to 1977. Many automobile enthusiasts collect these classic cars as they often
increase in value over time. The average value of a first-generation Ford Bronco in
perfect condition, like the one shown here, was $47,025 in 2017 versus $23,400 five
years before. Assuming the average value continues to increase at the same percent