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

Question

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?

Accepted Answer

i=j/m FV = PV(1 + i)^n

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?

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