Travis owns a stock in the SBO Company. after the first year of ownership the stock is worth $45 per share. travis estimates that the value of a share will increase by $2.80 per year. what will be the share value for Five years
1st year value =45$
2nd year value=45+2.80$=47.80$
3rd year value=47.8+2.80$=50.60$
4th year value=50.60+2.80=53.40$
5th year value=53.40+2.80=56.20$
ater 5 years value of share becomes 56.20$
or
share after 5 years= 45+4*2.80=45+11.20=56.20$
