Question 1025137
20% depreciation each year:
{{{ A = 32000*( 1 - .2 )^5 }}}
{{{ A = 32000*.8^5 }}}
{{{ A = 32000*.3277 }}}
{{{ A = 10485.76 }}}
The car is worth $10,485.76 after 5 yrs
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{{{ 32000 / 5 = 6400 }}}
If the car depreciates by $6.400 each year,
after 5 yrs the car is woth $0