The xyz company is seeing its value declining at a rate of 3.2% per year. if the current value is $2,300,000, what will the value be in 5 years?

Given that its value decreases by r = -3.2% (i.e decreasing means that the rate is negative) and that the current value of the company is P = 2,300,000.

The value of the company in n = 5 years is given by

Bis the correct answer