SOLUTION: Suppose that at the end of any given year an automobile is worth only 80% of its value at the beginning of that year. If a car cost 17000 new what is its value at the end of five y

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Question 465646: Suppose that at the end of any given year an automobile is worth only 80% of its value at the beginning of that year. If a car cost 17000 new what is its value at the end of five years?
At the end of five years the car is worth $
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
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at the end of any given year an automobile is worth only 80% of its value at the beginning of that year.
If a car cost 17000 new what is its value at the end of five years?
At the end of five years the car is worth $
:
Use the decimal value of 80%
:
17000*.8^5 = $5,570.56 after 5 yeas