Stock value per share in a certain company has been steadily decreasing by $4.18 per share per year for the last ten years. Ten years ago the value of the stock was $143.78. Let y be the value of the stock x years after it begins to decline. 1. Write an equation in slope-intercept form that models the value of the stock y= ____________ 2. How much is the stock worth 6 years after it began to decline? $__________
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Stock value per share in a certain company has been steadily decreasing by $4.18 per share per year for the last ten years. Ten years ago the value of the stock was $143.78. Let y be the value of the stock x years after it begins to decline.
1. Write an equation in slope-intercept form that models the value of the stock
y= ____________
2. How much is the stock worth 6 years after it began to decline?
$__________
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