➷ final = original x multiplier^n
n is the number of years
First, determine the multiplier:
5% decrease ==> 0.95
Substitute the values into the equation:
final = 10,000 x 0.95^5
Solve:
final = 7737.809375
The answer is $7737.81
➶ Hope This Helps You!
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➶ Have A Great Day ^-^
↬ ʜᴀɴɴᴀʜ ♡
