document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=450948>Question 450948</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Word Problems: Growth and Decay<BR>\n" );
document.write( "Question: Ley needs to replace her car. If she leases a car, she will pay $410 a month for 2 years and then has the option to buy the car for $14,458. The current price of the car is $17,369. If the car depreciates at 16% per year, how will the depreciated price compare with the buyout price of the lease?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #310321 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=310321\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the car depreciates at 16% per year, that means at the end of the year it is worth only 84% of the value it had to begin with.  At the end of 2 years, it is only worth .84x.84=70.56% of its' beginning value, which means it has lost a total of 29.44% of its' original value.<BR>\n" );
document.write( "17369x.2944=$5113.36<BR>\n" );
document.write( "410x24=9840<BR>\n" );
document.write( "17369-5113.36=$12255.64<BR>\n" );
document.write( "The car's depreciated value is obviously less than its' buyout cost.. </SPAN>\n" );
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