SOLUTION: A construction company purchases a bull- dozer for $160,000. Each year the value of the bulldozer depreciates by 20% of its value in the preceding year. Let V, be the value of t

Algebra ->  Sequences-and-series -> SOLUTION: A construction company purchases a bull- dozer for $160,000. Each year the value of the bulldozer depreciates by 20% of its value in the preceding year. Let V, be the value of t      Log On


   

Question 1190117: A construction company purchases a bull-
dozer for $160,000. Each year the value of the bulldozer
depreciates by 20% of its value in the preceding year. Let V,
be the value of the bulldozer in the nth year. (Let n = 1 be
the year the bulldozer is purchased.)
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
end of first year value is 160000*0.8 or (1-0.2)^2. The two is the value at the end of the first year, when it was purchased.
V(n)=160000*0.8^(n-1)