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:
Answer:
Step-by-step explanation:
f(5)=49.5(0.88)^5
f(5)=$26.12
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