Question 3 (10 points)
You invest $500 in the stock of a company. The value of the stock decreases 2% each year. The model given below is incorrect:
y=(Initial (Decay)'
lamount/\factor)
y=500(0.02)
(Remember to include parentheses around the b value, a
Write a correct model to represent the value of your stock after t years.
caret for the exponent, and no spaces in the equation. Example: y=300(1.25)^t)