A bad investment loses 5% of its value each year. The initial investment was $2,883.
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A: Find a formula that gives the value V, in dollars, of the investment after ?t years.
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B: What is the value of the investment after 7 years?
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C: When will the investment decline to half its original value?
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Round your answers to two decimal places if necessary.
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What will be an ideal response?
A: 
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B: $2,013.31
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C: After 13.51 years
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Mathematics
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