1. Tara just bought her first car in order to commute to college, a used 2014 Toyota RAV4! The value of the car today is $13,000, but will lose 11% of it's value each year for the next several
years. Down the road, Tara will trade the RAV4 in for a down payment on a newer car. If she
trades in her car
4 years from now, how much will it be worth?

2. Tara decides to keep the car for a few years longer. If she decides to trade in her car 8 years
a
from now, how much will it be worth?