Sally bought a car for 35000 in 2017. If the car loses 5.5% semiannually, what will the value of the value of the car be at the end of 2025

The value of the year at the end of 2025 will be given by:

A=P (1+r/100) ^n

where:

A=future value

P=principle

r=rate

n=number of terms

hence for the data given;

p=35000

R=5.5

n = (2025-2017) * 2=16

Thus

A=35000 (1+5.5/100) ^16

A=$82, 434. 20