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V(t)=26,000(0.90^t) find the initial value and the value after 11 years

V(t)=26,000(0.90^t) find the initial value and the value after 11 years
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4 votes
V(t)=26,000(0.90^t) find the initial value and the value after 11 years

User Tim Biegeleisen
by
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1 Answer

3 votes
well you're given the equation and the time.

substitute:

V(t) = 26,000(0.90^t)
V(11) = 26,000(0.90^(11))
V(11) = 8,159.075498
V(11) ≈ 8,159
User Michael Burr
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7.7k points
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