Using the values from the graph, compute the values for the terms given in the problem. Percentage of
Market Value
of Car
(solid line)
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Maintenance and Repair Costs
as Percentage of Car's Value
(dashed line)
4th
Ist
yr:
2nd
yr
3rd
yr:
5th
yr.
6th
yr.
7th
yr.
8th
yr.
9th
yr:
10th
yr.
Age of car = 8 years.
Original cost = $18,000.
The cost of maintenance and repairs is