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Compound Interest
The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region’s current population is 100,000, what is the expected population 10 years from now?
81707
91707
61707
71707
Correct Answer:
81707
Explanation:
i=j/m
FV = PV(1 + i)^n
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