A car cost $25,750.00 and depreciates in value 20% per year how much will the car be worth in 5 years
To calculate the value of the car in 5 years, we need to subtract 20% of the car's value each year for 5 years.
Year 1: $25,750.00 - (20% * $25,750.00) = $25,750.00 - $5,150.00 = $20,600.00
Year 2: $20,600.00 - (20% * $20,600.00) = $20,600.00 - $4,120.00 = $16,480.00
Year 3: $16,480.00 - (20% * $16,480.00) = $16,480.00 - $3,296.00 = $13,184.00
Year 4: $13,184.00 - (20% * $13,184.00) = $13,184.00 - $2,636.80 = $10,547.20
Year 5: $10,547.20 - (20% * $10,547.20) = $10,547.20 - $2,109.44 = $8,437.76
Therefore, the car will be worth $8,437.76 in 5 years.