A company buys a machine for $175,000. During the next 5 years, the machine will depreciate at a rate of 30% per year. (That is, at the end of each year, the depreciated value will be 70% of what it was at the beginning of the year.) (a) Write an expression for the value of the machine after n years. (b) Compute the depreciated values of the machine for the first 5 years.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 30E: SalaryA Colleague of the teacher in Exercise 29, hired at the same time, makes $35,000 in her first...
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A company buys a machine for $175,000. During the next 5 years, the machine will depreciate at a rate of 30% per year. (That is, at the end of each year, the depreciated value will be 70% of what it was at the beginning of the year.) (a) Write an expression for the value of the machine after n years. (b) Compute the depreciated values of the machine for the first 5 years.

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