Question 1109427
Let {{{ V }}} = value of the money
after 20 yrs
{{{ V = 100*( 1 - .05 )^20 }}}
{{{ V = 100*.95^20 }}}
{{{ V = 100*.3585 }}}
{{{ V = 35.85 }}}
In 20 yrs $100 is worth $35.85