Using the values from the graph provided, compute the values for the terms given in the problem.
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
Percentage of
Market Value
of Car
(solid line)
Maintenance and Repair Costs
as Percentage of Car's Value
(dashed line)
0%
0
Ist
yr.
2nd
yr.
3rd
yr.
4th
yr.
5th
yr.
6th
yr.
7th
yr.
8th
yr.
9th
yr.
10th
yr.
Age of car = 2 years.
Original cost = $14,995.
The current market value is $