Question

A car is purchased for $26,500 . After each year, the resale value decreases by 25% . What will the resale value be after 4 years?

Answer 1

The answer to your question is $8,384.77

Explanation:

Average annual value lost: $12,913.57

First year depreciation: $6,625.00

Total depreciation: $18,115.23

Total depreciation percentage: 68.36%

Value of vehicle at end of ownership period: $8,384.77

I hope this helps and have a wonderful day!

Answer 2

the resale value after 4 years would be 11,812.5

Explanation:

I'm sorry if this is wrong this is based on what I know :)