Question 562480
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?
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end of 1st year: 0.95*350,000 
end of 2nd year: 0.95^2*350,000
end of 3rd year: 0.95^3*350,000
end of 4th year: 0.95^4*350,000 = 285077.19
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Cheers,
Stan H.
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