A car purchased for $18,000 depreciates 5% each year.(a) If $P _ { n }$ is the value of the car after n years, find a formula for $P _ { n }$ .(b) What does the value of the car approach as time goes on?

Question

Quizplus · Accepted Answer

The Answer of A car purchased for $18,000 depreciates 5% each year.(a) If $P _ { n }$ is the value of the car after n years, find a formula for $P _ { n }$ .(b) What does the value of the car approach as time goes on?

A Car Purchased for $18,000 Depreciates 5% Each Year PnP _ { n }Pn​

A Car Purchased for $18,000 Depreciates 5% Each Year $P _ { n }$