SOLUTION: $49000 reduced 2% each month for 106 months

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Question 830272: $49000 reduced 2% each month for 106 months
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
(49000*0.98) First month
(49000*0.98)*0.98 Second month
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(49000*0.98^(106)) 106th month
T=49000%2A0.98%5E106
T=49000%2A0.11748
T=5756.52