Sladengage8 Sladengage8

12-02-2021
Mathematics

contestada

An investment of $8200 loses value at a rate of 2% per year. Use an
exponential function to find the value of the investment after 9 years.

Respuesta :

madethisfortwitch1 madethisfortwitch1

12-02-2021

Answer:

6836.73

Step-by-step explanation:

The equation you need to solve this goes as follows

PV(1-i)^n

so we have

8200(1-.02)^9

put this into your calculator and get

6836.73

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