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Arte-miy333 [17]
3 years ago
14

an investment has been losing money at a rate of 4% per year. the value of the investment now is $75,000. what will be the value

of the investment im 10 years?
Mathematics
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

Step-by-step explanation:

Use the equation

A(t)=P(1-r)^t because the account is depreciating at a rate of 4%. Filling in:

A(t)=75000(1-.04)^t to get our model.

A(t)=75000(.96)^t Now we fill in 10 for t and solve:

A(t)=75000(.96)^{10} so

A(t) = $49,862.45 in ten years

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