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konstantin123 [22]

3 years ago

9

Stock valued at $49.50 decreases in value by 12% each year. How much will the stock be worth in 5 years? Round your answer to th

e nearest penny 2 decimal places.
f(t)=49.50(1-.12)^t

1 answer:

bearhunter [10]3 years ago

6 0

Answer:

Step-by-step explanation:

f(5)=49.5(0.88)^5

f(5)=$26.12

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