Answer
$5695.31$
Work Step by Step
At the end of $n$ years the value of car will be $24000(\dfrac{3}{4})^{n}$
Need to find the value of car after $5$ years which can be found as:
$a_{5}=24000(\dfrac{3}{4})^{5}$
or, $=5695.31$
Intermediate Algebra for College Students (7th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0-13417-894-7
ISBN 13:
978-0-13417-894-3
Chapter 11 - Section 11.1 - Sequences and Summation Notation - Exercise Set - Page 830: 66
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