document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=966666>Question 966666</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You buy a car for $27500. It depreciates at a rate of 9% per year. You are able to obtain a 7 year loan to pay off your car. What is the value of your car when you trade it in 7 years later? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #590800 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=590800\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> it depreciates 9% per year.\r<BR>\n" );
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document.write( "in 7 years, it's value will be 27500 * (1 - .09)^7\r<BR>\n" );
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document.write( "this is the same as 27500 * .91^7 which is equal to 14210.92803.\r<BR>\n" );
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document.write( "you car will be worth 14210.92803 in 7 years.\r<BR>\n" );
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