Concept explainers
To calculate:
The automobiles values seven years from now
Answer to Problem 11P
The automobiles value seven years from now is
Explanation of Solution
Given information:
The given information asks for “seven years from now”.
Calculation:
By using the formula of geometric sequence:
The given information asks for “seven years from now” then we are looking for
If the value decreases each year by
Put the values in equation (1):
The automobiles value seven years from now is
Chapter 11 Solutions
Algebra and Trigonometry: Structure and Method, Book 2
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