All these values will assume you are rounding to the nearest tenth
This is what the equation is going to look like
[tex]Y= Initial Value(1- Rate) ^{12} [/tex]
So when we plug in the values
[tex]Y=7800(1-.08)^6[/tex]
From here you will need to follow PEMDAS
[tex]Y=7800(.92)^6[/tex]
Keep following going through with the equation
[tex]y=7800(.60)[/tex]
Solve
[tex]Y=4680[/tex]
Because this is a word problem you have to write it in a written explanation
so
If the car constantly decreases at a rate of 8% over a time period of 6 years, at the end of the time period the car will be worth $4680
