Answer:
$14476.13
Step-by-step explanation:
This is an example of a geometric sequence in which the common ratio (the number you multiply a term by to get the next one) is less than 1.
If the value of the car is decreasing by 12.5% each year, so each year, the value is 100% - 12.5% = 87.5% of the value in the previous year.
After 5 years, the value is 28750(0.875)^5.
