<PRE><B>Question 69598</B>
The value of our money drops 6% each year. If I had $10,000 five years ago, what would the value of that money be today? 
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At end of 1st year: 10000*0.94
At the end of 2nd year: 10000*0.94*0.94
...
At the end of 5 years: 10000*0.94^5 = $7339.04 
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You are right; the book answer is wrong.
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Cheers,
Stan H.</PRE>