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
