1. Tony buys a car for $65,000. He knows that it will depreciate at a rate of 18% per year. How much will the car be worth after 4 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 65SE: Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount...
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1. Tony buys a car for $65,000. He knows that it
will depreciate at a rate of 18% per year. How
much will the car be worth after 4 years?
Transcribed Image Text:1. Tony buys a car for $65,000. He knows that it will depreciate at a rate of 18% per year. How much will the car be worth after 4 years?
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