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6 July, 16:15

A family buys a car for $20,000. the value of the car decreases about 20% each year. after 6 years, the family decides to sell the car. should they sell it for $4000?

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  1. 6 July, 19:58
    0
    Actually heres the breakdown ...

    year 1 20,000

    year 2 decreased 20% is 16,666

    year 3 decreased 20% is 13,888

    year 4 decreased 20% is 11,574

    year 5 decreased 20% is 9,645

    year 6 decreased 20% is 8,037

    so selling it for $4000 is a major loss on their end so they should NOT sell at that price.
  2. 6 July, 20:04
    0
    No, the car is losing value not gaining it.
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