Iterate a first-order recurrence
The terms of a sequence are generated one at a time
\(V_0\) is the initial term, and \(V_n\) is the term after \(n\) applications of the rule
\[V_0=12\]
\[V_{n+1}=\frac{2}{3}V_n\]
The multiplier is \(\frac{2}{3}\) and the fixed change is \(0\)