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Question
A government program that currently costs taxpayers $2.5 billion per year is cut back by 20 percent per year. Determine the convergence or divergence of the sequence of reduced budgets. If the sequence converges, find its limit.
Solution
VerifiedStep 1
1 of 2The sequence is bounded below by and is a decreasing sequence. Theorem 8.5 states that is a .
Lets find its limit:
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