Business

4 July, 01:57

Stock in 1999 your parents bought $3000 worth of stock. in 2000 the value of the stock jumped to $6000. however since that time, the stock has decreased in value by 6.5% per year. write an exponential decay model to describe the worth of the stock, where t=0 corresponds to 2000. what do you expect the value of that stock to be in 2015 if the rate of decay remains 6.5% per year?

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