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Lorico [155]
3 years ago
6

A local college has a current total student body enrollment of 12,400. The enrollment is decreasing at a rate of 5% per year. Wh

at will the student body enrollment be in 5 years?
Mathematics
1 answer:
vovangra [49]3 years ago
8 0

Answer:

FV= 9,716

Step-by-step explanation:

Giving the following information:

Present value (PV)= 12,400

Decrease rate (d)= 5%

Number of periods (n)= 5 years

<u>To calculate the enrolment value (future value) after 5 years, we need to use the following formula:</u>

FV= PV / (1 + d)^n

FV= 12,400 / (1.05^5)

FV= 9,716

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I attached a screenshot that explains more

May I ave brainliest please? :)

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Pls show me the work too
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4 0
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Step-by-step explanation:

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p.s it made sense in my head
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Tom [10]

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answer is a but please mark me brainliest if I m correct

5 0
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