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Stock Prices for Abercrombie and Fitch Fell Steadily by an Average

Question 3

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Stock prices for Abercrombie and Fitch fell steadily by an average of $0.94 per day from a high of $83.67 per share on December 24, 2007 to $70.05 on January 15, 2008.Let P1P_{1} be the price of a share of stock on December 24, 2007.Write a formula for PnP_{n} , the price of a share on the nth n^{\text {th }} day after December 24.

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