+6 The compact disc format has been declining in popularity, and one music executive has predicted that CD sales will decrease by 15% per year. If the executive's company sold 29,000,000 CDs this year, how many will the company sell 7 years from now?
+118609 The compact disc format has been declining in popularity, and one music executive has predicted that CD sales will decrease by 15% per year. If the executive's company sold 29,000,000 CDs this year, how many will the company sell 7 years from now?
\(FV=29000000(1-0.15)^7\)
29000000*(1-0.15)^7 = $9 296 736 in the year
