12-2: Geometric Sequences and Series

Geometric Sequences and SeriesACCOUNTINGB ertha Blackwell is an accountant for a smallcompany. On January 1, 1996, the company purchased $50,000worth of office copiers. Since this equipment is a company asset, Ms. Blackwell needs to determine how much the copiers are presently worth. Sheestimates that copiers depreciate at a rate of 45% per year. What value should Ms. Blackwell assign the copiers on her 2001 year-end accounting report? Thisproblem will be solved in Example following sequence is an example of a Geometric , 2, , , , ..The ratio of successive terms in a Geometric sequence is a constant calledthe common ratio,denoted can find the next term in a Geometric sequence as follows.

Geometric Sequences and Series ACCOUNTING Bertha Blackwell is an accountant for a small company. On January 1, 1996, the company purchased $50,000 worth of office copiers. Since this equipment is a company asset,

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