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16 December, 08:32

A company's value decreased by 11.2% from 2009 to 2010. Assume this continues. If the company had a value of $9,220,000 in 2009, write an equation for the value of the company t years after 2009

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  1. 16 December, 08:34
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    Vf = Vi % (1+0,112) ⁿ

    Step-by-step explanation:

    Vf: value of the company in t years

    Vi: value of the company today (2009)

    n: number of years after 2009

    Let's do an example:

    What is the value of the company in 2014? That would mean 5 years later.

    Let's replace the data into the formula:

    Vf = $9.220.000 % (1+0,112) ⁵

    Vf = $9.220.000 % 1,700293

    Vf = $5.442.592,70 is the value of the company in 2014.
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