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5. A lab purchases new equipment for $50,000. Its value depreciates over time. The value decreases at the rate of 6% annually. a. Write

5. A lab purchases new equipment for $50,000. Its value depreciates over time. The value decreases at the rate of 6% annually. a. Write the recursive formula for the value of the car. b. Write the explicit formula for the value of the car. C. If this trend continues, what will be the value of the care in 6 years? d. If this trend continues, when will the value of the care be half of its original value?

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