Travis purchased a car for $25,000. He knows that the car loses 6% of its value every year. Travis wants to determine what will be the value of his car after owning it for 6 years. He completes the following steps: A(6) = 25000(1-0.6)6 A(6) = 25000 (0.4)* A(6) = $102.40 Travis knows that his solution seems outrageous. Describe where his error occurred, fix the mistake, and identify the appropriate value of the car. Show your work using the Equation Editor Tool.

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