Question: help with c,d, &e (1 point) The value of a stock increases by 4% every year. At the beginning of February 1st, 2012 it is
(1 point) The value of a stock increases by 4% every year. At the beginning of February 1st, 2012 it is valued at 90 dollars per share. (a) Write a formula for the value of the stock (in dollars) as a function of time, t, in years after the beginning of February 1st, 2012. V = (b) What is the value of the stock at the beginning of February 1st, 2021? Value: dollars (c) How quickly is the value of the stock increasing at the beginning of February 1st, 2021? Rate: dollars per year (d) What is the continuous growth rate of V? Rate: % per year (e) What is the percentage rate of change in the value of the stock at the beginning of February 1st, 2021? Percentage rate: % per year (Compare this to your answer in part (d). Remember that this characteristic is the defining one for an exponential function, and it is why we care about the continuous growth rate in particular
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