<h2>4. Create a table, write an equation, AND show all your work.</h2>
Currently the stock is $62 and has been decreasing 3% each month. So, if we call the first month then:
So the Table is:
This is an exponential function because it has a constant ratio.
From our values, we can conclude that the equation is:
In five months, the stock will be $53.2414
<h2>
5. Write the exponential function</h2>
We are given two points:
We know that the exponential function is given by the form:
So:
Then:
<h2>
6. Slope, length and midpoint</h2>
Here we are given two points:
So, the slope can be found as:
Using the distance formula we can find the length:
To find the midpoint, we have to use the midpoint formula: