Description
- Suppose you buy a new car for
$18,000. At the end of n years, the value of your car is given by the sequence vn =
18000(3/4)^n, n = 1, 2, 3, …..Find the fifth term and explain what this
value represents. Describe the nth term of the sequence in terms of the value of your
car at the end of each year.
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Explanation & Answer
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vn = 18000(3/4)^nv5 = 18000(3/4)^5
v5 = 4271.48 (the value of the car at the end of the 5th year)
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