Answer:
5% compounded quarterly equals (1.0125)^4 -1=0.0509453369140625 or 5.09453369140625 % APR
250*(1.0125)^20=$320.51 at the end of 5 years
Step-by-step explanation:
The answer would be 67 white T-shirts because there are not a lot of white t-shirts. If you didnt have a lot, then you would buy more of thta thing.
The exponential formula for this situtation will be given by:
f(x)=ae^(-bx)
where:
a=initial price
b=rate
x=time in years
hence the formula will be:
f(x)=28750e^(-0.12x)
thus the value of the car in 2018 will be:
x=2018-2012=6 years
thus
f(6)=28750e^(-0.12*6)
f(6)=$13,994.13
