Step 1 :\(V(x) = 20(1.05)^x\)
Step 2 :\(P(n) = (0.6)^n\)
Step 3 :\(V_{initial\ value} = 20\)
Step 4 :\(V_{growth\ or\ decay} = \text{Growth}\)
Step 5 :\(V_{growth\ or\ decay\ rate} = 5\%\)
Step 6 :\(P_{initial\ value} = 1\)
Step 7 :\(P_{growth\ or\ decay} = \text{Decay}\)
Step 8 :\(P_{growth\ or\ decay\ rate} = -40\%\)
Step 9 :\(\boxed{\begin{tabular}{|c|c|c|c|} \hline Function & Initial Value & Exponential Growth or Decay? & Growth or Decay Rate \\ \hline V(x)=20(1.05)^x & 20 & Growth & 5\% \\ \hline P(n)=(0.6)^n & 1 & Decay & -40\% \\ \hline \end{tabular}}\)