A new car is purchased for $24,800 the value of the car a depressant case at 12% per year what will the value of the car be to the nearest cent after 13 years

Answer:$4706.80731

Step-by-step explanation:

Car purchase is $24800

Per year it depressant by 12%

100-12=88%

For year 1 is 0.88*24800 = $21824

Year 2 is 0.88*$21824 = $19205.12

Year 3 is 0.88*$19205.12 = $16900.5056

Year 4 is 0.88*$16900.5056 = $14872.445

Year 5 is 0.88 * $14872.445 = $13087.7515

Year 6 is 0.88*$13087.75154 = $11517.22136

Year 7 is 0.88 * $11517.22136 = $10135.1548

Year 8 is 0.88 * $10135.1548 = $8918.936

Year 9 is 0.88 * $8918.936 = $7848.664

Year 10 is 0.88 * $7848.664 = $6906.824

Year 11 is 0.88 * $6906.824 = $6078.005

Year 12 is 0.88*$6078.005 = $5348.645

Year 13 is 0.88 * $5348.645 = $4706.8073