1) lan's new Mercedes cost him $75,000. From the
moment he drives it off the lot, it will depreciate
by 20% each year for the first five years. What will
be the car's value be at the end of five years?
(Round to the nearest whole number.)
I think this is the answer because when you find out what 20% of 75000 is, (which is 15000) you can divide 20% by 5 and there is your answer, i hope this helps
