The y-intercept of this graph is 28,000.
In the scope of the problem, this value represents the initial value of the car when it was purchased. It is the value of the car at year 0, before any depreciation has occurred.
The graph below shows the value of a car in thousands of dollars, years after it is purchased.
What is the y-intercept of this graph? What does this value represent in the scope of the problem?
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