Mathematics, 28.05.2021 20:00 mastertrapper

Sydney buys a new car for $24,000 and finances the car for 5 years at 2.5% interest compounded yearly. She estimates that the value of the car will decrease by 16% each year. If Sydney is able to sell the car on the day of her last car payment for the value she estimated, how much money will she have spent over the 5 years?

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Sydney buys a new car for $24,000 and finances the car for 5 years at 2.5% interest compounded yearl...