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

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.