1 answer:
9514 1404 393
Answer:
initial value: $20,000 after 11 years: $4,902 Step-by-step explanation:
Assuming your equation is ...
v(t) = 20,000(0.88^t)
The value for t=0 is 20,000 .
The value for t=11 is 20,000(0.88^11) ≈ 4,902 .
The initial value is $20,000; the value after 11 years is $4,902 .
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