DEPRECIATION A paper manufacturer buys amachine for $120,000. During the next 5 years
Chapter 8, Problem 71(choose chapter or problem)
DEPRECIATION A paper manufacturer buys amachine for $120,000. During the next 5 years, it willdepreciate at a rate of 30% per year. (In other words, atthe 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 geometricsequence that gives the value of the machine fullyears after it was purchased.(b) Find the depreciated value of the machine after 5full years.
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