document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=562480>Question 562480</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The value of a property declines every year by 5%. Presently, its value is $350,000. What will be its value 4 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 #364586 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=364586\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The value of a property declines every year by 5%. Presently, its value is $350,000. What will be its value 4 years from now?<BR>\n" );
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document.write( "end of 1st year: 0.95*350,000 <BR>\n" );
document.write( "end of 2nd year: 0.95^2*350,000<BR>\n" );
document.write( "end of 3rd year: 0.95^3*350,000<BR>\n" );
document.write( "end of 4th year: 0.95^4*350,000 = 285077.19<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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