Let A represent the value of the car after each year. A= initial value (P)×(1+percent increase(r)) ^time A=P×(1+r)^t A=18710×(1+(-12%))^8 A=18710×(1-12%)^8 A=18710×(1-0.12)^8 A=18710×(0.88)^8 A= 6728.7619591115 The best approximation is 6729 Therefore the value of the car will be about $6729 after 8 years Your answer is B.
