Answer:
$5,695.31
Step-by-step explanation:
We can use the following formula to solve:
[tex]A=P(1-r)^t[/tex]
P = principal value
r = rate (decimal)
t = time (years)
The first step is to change 25% into a decimal:
25% ->[tex]\frac{25}{100}[/tex] -> 0.25
Now, plug the values into the equation:
[tex]A=18,000(1-0.25)^4[/tex]
[tex]A=5,695.31[/tex]
The value of the car will be $5,695.31
