Instead of comparing the number of pumpkins picked and the day in October, write a scenario that would be a causal relationship for pumpkins picked on the farm. (5 points)

in 12 years the salvage value will be $10,000.

the discount rate is 8% per year, which means that if the present value is x, in year from now the value will be x-8%*x, in two years: x--8%*x-8%*x=x-2*8%*

in n years the value will be: x-n*8%*x= x-0.08*nx=(1-0.08*n)*x=0.02*n*x

we know that in n=12 years the value will be $10,000. so, we can solve the equation:

$10,000=0.02*12*x

$10,000=0.24*x

x=$10,000/0.24

x=$41,666