Answer:
$9,220,000(0.888)^t
Step-by-step explanation:
Model this using the following formula:
Value = (Present Value)*(1 - rate of decay)^(number of years)
Here, Value after t years = $9,220,000(1 -0.112)^t
Value after t years = $9,220,000(0.888)^t
Answer:
12.5663706144
If necessary, and if your system/teacher allows it, just keep it down to 1-3 decimals.
Hope I could help! :D
Answer:
56
Step-by-step explanation:
