Problem

A small accounting firm is spending $60,000 a year on clerical staff. The president of the...

A small accounting firm is spending $60,000 a year on clerical staff. The president of the firm believes that they can reduce this amount by 5% per year over the next 5 years by hiring temporary workers. Assuming the president is correct, how much would the firm spend on clerical staff in 3 years?

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Solutions For Problems in Chapter 3.2