A. Write the formula for the nth term in the sequence. B. A bike has a purchase price of $8,990. Using the sequence for the rate of depreciation, what is the insurance value of the bike in the fourth year of ownership?

2. For the following steps, consider the series that represents the sum of the terms in the sequence for the depreciation factor of the bike over time.

a) Write a formula for the sum of the first “n” terms in the sequence representing the depreciation factors.

b) What does the series represent to the bike owner?