The town of Greenwood has a current population of about 12,000. If the , * 1 point population increases by 3% each year, find the approximate population after 6 years. Use the equation P = 12000(1.03)"n A speedboat that cost $8000 depreciates by 20% of its value each year. * 1 point How much will the boat be worth in 5 years? Use the equation V = 8000(0.8)"n O $1o7ooooooooooooo