Question

When you buy a new car it is a depreciating asset. Which means the moment you purchase your car it begins losing value. If you

tried to sell it back to the dealership they would pay you less than you bought it for. The depreciation of a car is around 15% per
year. Complete the graphic organizer below for a car worth $20,000

Answer 1

I can't see the graph but I'll try anyway

Answer:

x y

0 $20,000

1 $18,000

2 $16,200

3 $14,580

4 $13,122

5 $11,809.80