document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1117408>Question 1117408</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The value of a new car purchased for $78,000 depreciates at a rate of 15% in the first year and 4% every year after that.<BR>\n" );
document.write( "a) Determine the value of the car at the end of the year, the second year and the third year. Write these values as a sequence.<BR>\n" );
document.write( "b) Determine the explicit formula for the value of the end on year n. <BR>\n" );
document.write( "c) What is the value of the car at the end of year 20? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #732586 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39618)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=732586\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> ----<BR>\n" );
document.write( "The value of a new car purchased for $78,000 depreciates at a rate of 15% in the first year and 4% every year after that.<BR>\n" );
document.write( "a) Determine the value of the car at the end of the year, the second year and the third year. Write these values as a sequence.<BR>\n" );
document.write( "b) Determine the explicit formula for the value of the end on year n. <BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=78000-%2815%2F100%29%2878000%29 ALIGN=MIDDLE  ALT=\"78000-%2815%2F100%29%2878000%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > after the first year.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=66300%2A%281-0.04%29=63648 ALIGN=MIDDLE  ALT=\"66300%2A%281-0.04%29=63648\"   DISABLED_style= \"max-width:90%; height:auto;\" > after the second year.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=63648%2A%281-0.04%29=61102.08 ALIGN=MIDDLE  ALT=\"63648%2A%281-0.04%29=61102.08\"   DISABLED_style= \"max-width:90%; height:auto;\" > after the third year. </SPAN>\n" );
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