The value of a car decreases by 20 percent per year. Mr. Sing purchases a $22,000 automobile. What is the value of the car at the end of the second year?

Each year, the car retains 80% of its value because it decreases by 20%. After two years, its value is $22,000 × 0.8 × 0.8 = $14,080. Therefore, the car is worth $14,080, choice A.

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