A new car costs $30,000; it loses 10% of its value eachyear. Maintenance is $500 the
Chapter 9, Problem 76(choose chapter or problem)
A new car costs $30,000; it loses 10% of its value eachyear. Maintenance is $500 the first year and increases by20% annually.(a) Find a formula for ln, the value lost by the car inyear n.(b) Find a formula for mn, the maintenance expenses inyear n.(c) In what year do maintenance expenses first exceedthe value lost by the car?
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