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A Car Purchased for $18,000 Depreciates 5% Each Year $P _ { n }$

Question 242

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A car purchased for $18,000 depreciates 5% each year.(a) If $P _ { n }$ is the value of the car after n years, find a formula for $P _ { n }$ .(b) What does the value of the car approach as time goes on?

A Car Purchased for $18,000 Depreciates 5% Each Year PnP _ { n }Pn​

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A Car Purchased for $18,000 Depreciates 5% Each Year $P _ { n }$

Correct Answer:
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