Mathematics, 24.02.2021 01:00, Satoetoe24

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

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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 ye...