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The value of your iphone starts to depreciate/decrease as soon as you purchase it. If the function y= -200x + 1200, represents the estimated value of a certain phone after x years of ownership, what does the slope (-200) most likely represent?
The value of the phone decreases 200 dollars every year.
The current value of the phone.
The price it originally costs.
The value of the phone increases 200 dollars every year.