How much will be in the account

Reference no: EM131004282

A northern California consulting firm wants to start saving money for replacement of network servers. If the company invests $5000 at the end of year 1 but decreases the amount invested by 5% each year, how much will be in the account 4 years from now, if it earns interest at a rate of 8% per year?

Reference no: EM131004282

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