Find Pk _{+ 1} for the Given P_k $p _ { k } = \frac { k } { 5 } ( 8 k + 1 )$

question 16

Multiple Choice

Find pk _{+ 1} for the given p_k. $p _ { k } = \frac { k } { 5 } ( 8 k + 1 )$

• A) \(p _ { k + 1 } = \frac { k + 1 } { 5 } ( 8 k + 5 )\)
• B) \(p _ { k + 1 } = \frac { k + 1 } { 5 } ( 8 k + 6 )\)
• C) \(p _ { k + 1 } = \frac { k + 1 } { 6 } ( 8 k + 6 )\)
• D) \(p _ { k + 1 } = \frac { k + 1 } { 5 } ( 8 k + 9 )\)
• E) \(p _ { k + 1 } = \frac { k + 1 } { 6 } ( 8 k + 9 )\)

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life, after factoring in depreciation or amortization.

Diminishing-Balance Method

A method of accelerated depreciation where an asset loses value by a fixed percentage each year over its useful life.