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Use what you know about writing exponential functions with percent growth or decay to complete the following problems. 1. Farid makes a $12,000 investment
Use what you know about writing exponential functions with percent growth or decay to complete the following problems. 1. Farid makes a $12,000 investment that yields an average yearly return of 4%. If he makes no additional investments, how much will his investment be worth in 15 years? 2. You purchase a car for $36,000. You did some research and found that this particular model of car depreciates in value by around 15% per year. What is the value of your car after 6 years?
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