Hello, Ashley!

There is a formula for this situation,

. . but you cantalkyour way through it . . .

Each year, the value is only 88% of the previous year's value.Suppose you bought a car in 2006 for $10,000.

If its value depreciates steadily at 12% per year

what will its value be in 2009?

In 2006, it was worth: .$10,000.

In 2007, it was worth: .

In 2008, it was worth: .

In 2009, it is worth: .