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

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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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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