Home values in a town have declined 25% per year for each of the past four years. What was the total percentage decrease in home values during the​ four-year period?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter1: Introduction To Finance For Entrepreneurs
Section1.2: Entrepreneurship Fundamentals
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Home values in a town have declined

25%

per year for each of the past four years. What was the total percentage decrease in home values during the​ four-year period?

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