Mathematics, 29.01.2021 18:30 Daryn121504

Please Help ASAP! Michael purchased a pair of never worn Vintage 1997 Nike Air Jordan XII Playoff Black Varsity Shoe Size 12 for $380. The shoes have shown an average growth rate of 14% per year.

What would be the decay factor (multiplier)?

If the trend continues how much would the shoes be worth 5 years after Michael purchased the shoes?

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