Sydney buys a new car for $24,000 and finances the car for 5 years at 2.5% interest compounded yearly. She estimates that the value of the car will decrease by 16% each year. If Sydney is able to sell the car on the last day of her last car payment for the value she estimated, how much money will she have spent over 5 years? A) about $27, 154 B) about $17,117 C) about $11,622 D) about $10,037

Sydney buys a new car for $24,000 and finances the car for 5 years at 2.5% interest compounded yearly. She estimates that the value of the car will decrease by 16% each year. If Sydney is able to sell the car on the last day of her last car payment for the value she estimated, how much money will she have spent over 5 years? A) about $27, 154 B) about $17,117 C) about $11,622 D) about $10,037

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 36PFA

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