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Kevin and Darlene bought a van for $28000

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Kevin and Darlene bought a van for $28000. The car depreciated 8%

per year. What is the depreciated value of the van after the first year? The second year? The third year? The forth year? The fifth year? If the insurance premium is $10 per thousand dollar value, what are the premiums the first year? The second year? The third year? The forth year? The fifth year?