For this case we have an equation of the form:
Where,
A: initial amount
b: decrease rate
t: time
In this case we have the following equation:
Where,
t: number of years
Rewriting for the number of months we have:
Where,
t: number of months
For 8 years (96 months) we have:
round to the nearest hundred dollar:
V (96) = $ 4050
Answer:
Where,
A: initial amount
b: decrease rate
t: time
In this case we have the following equation:
Where,
t: number of years
Rewriting for the number of months we have:
Where,
t: number of months
For 8 years (96 months) we have:
round to the nearest hundred dollar:
V (96) = $ 4050
Answer:
