document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=620156>Question 620156</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a new car costs $18,000.00 and depreciates at a rate of 12% per year, what will be the value of the car in four years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #389937 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=389937\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If a new car costs $18,000.00 and depreciates at a rate of 12% per year, what will be the value of the car in four years?<BR>\n" );
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document.write( "Each year the car is worth 88% of last year's value.<BR>\n" );
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document.write( "Equation:<BR>\n" );
document.write( "18000*0.88^4 = $10794.52<BR>\n" );
document.write( "=================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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