document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=568880>Question 568880</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Over 5 years, the total value of a mutual fund account decreases continuously by 15%. find a formula A(x) that calculates the amount of money in the account after x years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #367154 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=367154\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Over 5 years, the total value of a mutual fund account decreases continuously by 15%. find a formula A(x) that calculates the amount of money in the account after x years.<BR>\n" );
document.write( "------<BR>\n" );
document.write( "Each year 85% of the value of the fund survives.<BR>\n" );
document.write( "---<BR>\n" );
document.write( "After one year you have 0.85A<BR>\n" );
document.write( "After two year you have (0.85^2)A<BR>\n" );
document.write( "---<BR>\n" );
document.write( "After x years you have (0.85^x)A<BR>\n" );
document.write( "----<BR>\n" );
document.write( "Equation:<BR>\n" );
document.write( "V(x) = (0.85^x)A<BR>\n" );
document.write( "=======================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "============= </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );