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Use the rule for term n of a linear growth or decay model

Question 1 of 8

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A construction site's mobile crane is bought for $13,761. Its value falls by $407 for every block of 1000 hours run

Let \(V_n\) be the value of the crane, in dollars, after \(n\) blocks of 1000 hours run

\[V_0 = \$13{,}761\]
\[V_{n+1} = V_n - \$407\]
1 mark

Find the value after n blocks of 1000 hours run (n = 8)