SOLUTION: 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 vn = 18000(3/4)^n, n = 1, 2, 3, �.. Find the fifth term and explain wha

Question 779683: 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 vn = 18000(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.
Answer by oscargut(2103) (Show Source): You can put this solution on YOUR website!
vn = 18000(3/4)^n
v5 = 18000(3/4)^5
v5 = 4271.48 (the value of the car at the end of the 5th year)
If you have more questions i can see them if you contact me at: mthman@gmail.com
Thanks

RELATED QUESTIONS
You must decide whether to buy a new car for $20,000 or less the same car over a... (answered by Theo)

What is the simple discount for a car costing 880,000 pesos, is a present value of... (answered by CPhill)

3. You are saving to buy a car, and you deposit $250 at the end of each month for two... (answered by Theo)

Hello, I'm having trouble with this problem and I would very much appreciate some help: (answered by VFBundy)

math project that i have been struggling with.let x equal the cars age in years and y... (answered by ankor@dixie-net.com)

Suppose that at the end of any given year an automobile is worth only 80% of its value at (answered by ankor@dixie-net.com)

A new car costs $30,000. At the end of each year, the car is worth 85% of its... (answered by ikleyn)

1. The value of a new car decreases exponentially. Suppose you buy a new car for $32,000, (answered by TimothyLamb)

You bought a new Honda Accord in April 2018 for $24,500. The car has depreciated at a... (answered by Alan3354)