The value

The value of the property decreases every year at the rate of 5%. If its present value is 411540 USD, what was its value three years ago?

Final Answer:

a4 =  480000 USD

Step-by-step explanation:

a1=411540 USD r=100%5%=11005=0.95 a1 = r a2  a2=a1/r=411540/0.95=433200 USD a3=a2/r=433200/0.95=456000 USD a4=a3/r=456000/0.95=480000 USD



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