SOLUTION: The value of a property declines every year by 6%. Presently, its value is 450,000. What will be its value 2 years from now?
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Question 251452: The value of a property declines every year by 6%. Presently, its value is 450,000. What will be its value 2 years from now?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
Since it is only two years we can easily calculate it.
n one year it will be worth 100-6=94%
.94*450,000
the next year
.94*(.94*450,000)
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