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Authors:
Ron Larson, Bruce H.edwards
Chapter:
Infinite Series
Exercise:
Review Excercises
Question:20 | ISBN:9780547167022 | Edition: 9

Question

Depreciation A company buys a machine for $175,000. During the next 5 years the machine will depreciate at a rate of 30% per year. (That is, at the end of each year, the depreciated value will be 70% of what it was at the beginning of the year.)
(a) Find a formula for the nth term of the sequence that gives the value V of the machine t full years after it was purchased.
(b) Find the depreciated value of the machine at the end of 5 full years.

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