Solved: Suppose you buy a new car for 18000 at the end of n years, Mathematics

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Suppose you buy a new car for 18000 at the end of n years

Math Discussion Question

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 V_n = 18,000(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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Mathematics: Suppose you buy a new car for 18000 at the end of n years

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