Stacey Buys a Used Car for $5,000

question 299

Multiple Choice

Stacey buys a used car for $5,000. With each year that passes, the car drops $470 in value. Write a sequence of numbers that gives the value of the car at the beginning of each of the first 5 years she owns it.

• A) $5,000, $4,530, $4,060, $3,590, $3,590
• B) $5,000, $4,060, $3,590, $3,120, $2,650
• C) $5,000, $4,530, $4,060, $3,590, $3,120
• D) $5,000, $4,906, $4,436, $3,966, $3,496
• E) $5,000, $4,530, $4,050, $3,600, $3,110

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Definitions:

Regulatory Standards

Established rules and specifications issued by authoritative bodies to ensure products, services, or processes meet specific requirements.

Clayton Act

A U.S. law enacted in 1914 aimed at promoting competition and preventing monopolies by addressing specific practices not covered by the Sherman Antitrust Act.

Interlocking Directorates

The practice of having the same individuals serve on the boards of directors of multiple, often competing, companies.

Competitive Sales

Sales activities that occur in a market where multiple sellers are trying to attract the same buyers, emphasizing price, quality, and service to win business.