document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=524170>Question 524170</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 7.<BR>\n" );
document.write( "The value of a property declines every year by 4%. Presently, its value is $910,000. What will be its value 3 years from now? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #347629 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=347629\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The value of a property declines every year by 4%. Presently, its value is $910,000. What will be its value 3 years from now?<BR>\n" );
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document.write( "Each year it is worth 96% of its previous years value.<BR>\n" );
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document.write( "A(t) = Ao(0.96)^t<BR>\n" );
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document.write( "A(3) = 910,000*0.96^3<BR>\n" );
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document.write( "A(3) = 910,000*0.8847<BR>\n" );
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document.write( "A(3) = $805,109.76<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "===================================== </SPAN>\n" );
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