Question 450948
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.
17369x.2944=$5113.36
410x24=9840
17369-5113.36=$12255.64
The car's depreciated value is obviously less than its' buyout cost..