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Complete the table and find the value of each vehicle at the end of the indicated year.Car ACar BCar Value at the Endof the Indicated Year1st2nd3rd4th 5th

Complete the table and find the value of each vehicle at the end of the indicated-example-1
User Jeduan Cornejo
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1 Answer

17 votes
17 votes

Let's look at car A first.

As already solved, just after it is purchased its value decreases 20%.

Purchased at $30000, its value inmediatly decreases to $24000 ($30000 -

0.2*$30000 = $24000).

We know the yearly depreciation for car A os $2000.

Then, at the end of the first year, its value will decrease from $24000 to $24000 - $2000 = $22000.

Every year its value decreases $2000. Followint the same logic, at the end of the second year its value will decrease from $22000 to $22000 - $2000 = $20000 and so on. Now, we can build the table:

End of first year: $24000 - $2000 = $22000

End of second year: $22000 - $2000 = $20000

End of third year: $20000 - $2000 = $18000

End of fourth year: $18000 - $2000 = $16000

End of fifth year: $16000 - $2000 = $14000

User Tamara Bernad
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