Solved: Depreciation A paper manufacturer buys a machine
Chapter , Problem 63(choose chapter or problem)
Depreciation A paper manufacturer buys a machine for $120,000. During the next 5 years, it will depreciate at a rate of 30% per year. (In other words, at the end of each year the depreciated value will be 70% of what it was at the beginning of the year.) (a) Find the formula for the th term of a geometric sequence that gives the value of the machine full years after it was purchased. (b) Find the depreciated value of the machine after 5 full years.
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