Compute the present value of $4800 paid in two years using the following discount rates: 8% in the first year and 7% in the seco
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Answer:
The multiplicative rate of change is 3
Step-by-step explanation:
The given graph passes through the points:
The multiplicative rate of change is the factor that multiplies each y-value to give the subsequent y-values.
We can find that factor by dividing a y-value by the previous y-value of any two consecutive y-value.
The multiplicative rate of change is or
or
or
.