document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1139659>Question 1139659</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sydney buys a new car for $22,000 and finances the car for 5 years at 3% interest<BR>\n" );
document.write( "compounded yearly. She estimates that the value of the car will decrease by 14% each<BR>\n" );
document.write( "year. If Sydney is able to sell the car on the day of her last car payment for the value she<BR>\n" );
document.write( "estimated, how much money will she have spent over the 5 years?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760154 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=760154\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Use compound interest formula with <BR>\n" );
document.write( "yearly compounding:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+A%5B0%5D%2A%28+1+%2B+r+%29%5Et+ ALIGN=MIDDLE  ALT=\"+A+=+A%5B0%5D%2A%28+1+%2B+r+%29%5Et+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+22000%2A%28+1+%2B+.03+%29%5E5+ ALIGN=MIDDLE  ALT=\"+A+=+22000%2A%28+1+%2B+.03+%29%5E5+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A++=+22000%2A1.03%5E5+ ALIGN=MIDDLE  ALT=\"+A++=+22000%2A1.03%5E5+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+22000%2A1.159274+ ALIGN=MIDDLE  ALT=\"+A+=+22000%2A1.159274+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+25504.03+ ALIGN=MIDDLE  ALT=\"+A+=+25504.03+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The interest plus principal over 5 years is:<BR>\n" );
document.write( "$25,504.03<BR>\n" );
document.write( "--------------------<BR>\n" );
document.write( "The depreciated value of the car after 5 yrs:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+A%5B0%5D%2A%28+1+-+.14+%29%5E5+ ALIGN=MIDDLE  ALT=\"+A+=+A%5B0%5D%2A%28+1+-+.14+%29%5E5+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+22000%2A.86%5E5+ ALIGN=MIDDLE  ALT=\"+A+=+22000%2A.86%5E5+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+22000%2A.47043+ ALIGN=MIDDLE  ALT=\"+A+=+22000%2A.47043+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+10349.39+ ALIGN=MIDDLE  ALT=\"+A+=+10349.39+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$10,349.39<BR>\n" );
document.write( "----------------------<BR>\n" );
document.write( "Over the 5 years, she has spent:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+25504.03+-+10349.39+=+15154.64+ ALIGN=MIDDLE  ALT=\"+25504.03+-+10349.39+=+15154.64+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$15,154.64<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );