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23-02-2021
Mathematics

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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 the nearest penny 2 decimal places.

f(t)=49.50(1-.12)^t

Respuesta :

23-02-2021

Answer:

Step-by-step explanation:

f(5)=49.5(0.88)^5

f(5)=$26.12

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