A car is purchased for $29,500. After each year, the resale value decreases by 25%. What will the resale value be after 4 years?

Question

A car is purchased for $29,500. After each year, the resale value decreases by 25%. What will the resale value be after 4 years?
Use the calculator provided and round your answer to the nearest dollar.

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A car is purchased for $29,500. After each year, the resale value decreases by 25%. What will the resale value be after 4 years? Use the calculator provided and round your answer to the nearest dollar.