31.202. I hope this helps
Answer:
-$14.50
Step-by-step explanation:
This is easily solved on a calculator.
-34.50 + 20.00 = -14.50
If it decreases at 4% every year, then its value becomes:
100% - 4% = 96% = 96/100 = 0.96
At the end of the 1 year its value becomes: 150*(0.96)
At the end of the 2 years its value becomes: 150*(0.96)*(0.96) = 150*(0.96)²
At the end of the 3 years its value becomes: 150*(0.96)*(0.96)*(0.96) = 150(0.96)³
So similarly at the end of 12 years, its value becomes 150*(0.96)¹²
=50*(0.96)¹² simplify with calculator.
<span>≈ 91.91
Value at the end of 12 years becomes ≈ $</span><span>91.91
I hope this helps.
</span>
