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Leegan T.

asked • 10/07/18

A new car is bought for $35 000 and the value decreases by 12% per year.

A new car is bought for $35 000 and the value decreases by 12% per year. (a) Find a general formula for the value Vn of the car after n years. (b) Give a recursive formula for the value Vn in terms of Vn−1. (c) What is the value of the car after 10 years?

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