SOLUTION: A car is purchased for $23,500 . After each year, the resale value decreases by 20% . What will the resale value be after 5 years?

SOLUTION: A car is purchased for $23,500 . After each year, the resale value decreases by 20% . What will the resale value be after 5 years?

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Question 1146593: A car is purchased for $23,500
. After each year, the resale value decreases by 20%
. What will the resale value be after 5
years?
Answer by josgarithmetic(39625) (Show Source): You can put this solution on YOUR website!

YEAR        VALUE
 0          23500
 1          18800
 2          15040
 3          12032
 4           9625.6
 5           7700.48

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