Answer:
$29,900
Growth
22%
Step-by-step explanation:
Initial value is when t = 0
v(0) = 29900(1.22)^0
v(0) = 29900(1)
v(0) = 29900
-------------------------
Growth
because 1.22 is greater than 1
----------------------------
Yearly value change
1.22 - 1 = 0.22
0.22 * 100 = 22
22%
