SOLUTION: A company set aside a certain amount of money in the year 2000. The company spent exactly the same amount from that fund each year on perks for its employees. In 2002, there was st
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Question 1188754: A company set aside a certain amount of money in the year 2000. The company spent exactly the same amount from that fund each year on perks for its employees. In 2002, there was still $819,000 left in the fund. In 2006, there was $739,000 left. What is the rate (in dollars per year) at which this company is spending from this fund? Answer by ikleyn(52786) (Show Source):
