Two cars with the same purchase price are not worth the same amount at the end of the year. Some cars depreciate faster than others. A truck depreciates at 45%45% and a Jeep depreciates at 25%25% per year. Assume the initial purchase price is $19,000$19,000 and the total cost of ownership is $38,000$38,000. Use a spreadsheet to determine how much more the Jeep is worth in three years.

$11000

$3800

$11400

$10,400