Hi,

The value of a property declines every year by 5%. 

(each year ...worth 95% of previous year's value)

 presently it's value is $350,000.

 = $297,271.30

 

RELATED QUESTIONS

The value of a property declines every year by 5%. Presently, its value is $350,000. What  (answered by stanbon,Sarpi)

The value of a property declines every year by 6%. Presently, its value is $118,000. What  (answered by jorel1380)

7.
The value of a property declines every year by 4%. Presently, its value is $910,000.... (answered by stanbon)

The value of a property declines every year by 6%. Presently, its value is 450,000. What... (answered by richwmiller)

A car has a purchase price of $23,500.  The value declines continuously at an exponential  (answered by josgarithmetic,MathTherapy)

The owner of a rental house can depreciate its value over a period of 27 1/2  years,... (answered by jorel1380)

. A construction company purchases a bulldozer for $160.000. Each year the value of the... (answered by CPhill,Edwin McCravy)

Wei is worth $30 000 depreciates in value by 10% every year. After 5 years how much will... (answered by josgarithmetic)

a certain investment fund multiplies the value of an investment by 4 every year. Thus,... (answered by gonzo)