The value of a property declines every year by 3%. Presently, its value is $540,000. What will be its value 2
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The value of a property declines every year by 3%. Presently, its value is $540,000. What will be its value 2

[From: ] [author: ] [Date: 11-05-06] [Hit: ]
......
years from now

-
540,000 now
* 0.97 = 523,800 next year
* 0.97 = 508,086 2 years from now
1
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