Janice wants to buy a new car.The cost is $30,000.At the end of six years,the car is expected to be worth 20% of the original price.(Show all work. )
a.
What will the car value be in six years?
b.
What is the annual depreciation on the car?

Question

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The Answer of Janice wants to buy a new car.The cost is $30,000.At the end of six years,the car is expected to be worth 20% of the original price.(Show all work. )
a.
What will the car value be in six years?
b.
What is the annual depreciation on the car?

Janice Wants to Buy a New Car