(Solved): A washing machine costs 450 and depreciates at a rate of 15% per year. a) Write an equation for ...

A washing machine costs $€450$ and depreciates at a rate of $15\%$ per year. a) Write an equation for $FV$, the future value, in $€$, of the washing machine after $n$ years. b) Calculate the value of the washing machine after 4 years. Give your answer to the nearest cent. c) Find the value of the washing machine after 100 years and comment on this result.