Answer:
Option C. -0.045
Step-by-step explanation:
we know that
The general exponential model to find the value of the dollar at some future time compared to its present value is equal to
[tex]F=P(1+r)^{t}[/tex]
where
F is the value of the dollar at some future time
P is the present value
r is the rate of increasing or decreasing in decimal (remember that the equation is general)
t is Number of Time Periods
In this problem
The rate is decreasing
so
r=-4.5%=-4.5/100=-0.045
