A new CD player costs 3,000, if the value of the equipment depreciates annually with a geometric progression and the CD player's value in year 4 is 1,500. Calculate the value of the CD player in year 2

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A new CD player costs 3,000, if the value of the equipment
depreciates annually with a geometric progression and the CD
player's value in year 4 is 1,500. Calculate the value of the CD
player in year 2
O $11905.99999
O$ 11 905.50789
O $11 904.99888
O $11 904.50789
Transcribed Image Text:A new CD player costs 3,000, if the value of the equipment depreciates annually with a geometric progression and the CD player's value in year 4 is 1,500. Calculate the value of the CD player in year 2 O $11905.99999 O$ 11 905.50789 O $11 904.99888 O $11 904.50789
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