Based on the stock price and its growth rate, the function that models the situation is 48 (1 + 8%) ^ n. The price of the stock 6 years from now is $76.17.
<h3>What is the best function for the stock's growth?</h3>
The value of a stock in future can be calculated using several types of formulas that take into account the various characteristics of the stock.
For this stock, the value of the stock at any given year is:
= Current price of stock x ( 1 + growth rate) ^ number of years from now
Assuming the number of years is n, the function becomes:
= 48 x ( 1 + 8%) ^n
In 6 years, the price will be:
= 48 x ( 1 + 8%) ⁶
= $76.17
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Answer:
$30,000.
Step-by-step explanation:
Wave Corporation began the current year with a retained earnings balance of $25,000.
Depreciation expense was of $5000
During the current year, the company earned net income of $15,000
Also gave cash dividends of $5,000.
So, year end retained earnings will be :
Year end retained balance = total net income minus net losses and dividends.
dollars
The answer is $30,000.
Answer:
$223.
Step-by-step explanation:
Let x be the original price of phone.
We are told that Terry sees this offer refurbished phone 35% off now only $78.
We need to find x such that 35% of x is 78. We can represent this information as:


Therefore, the original price of phone was $223.
X y
4 650
7 575
11 475
there ya go ^^