Question: A small company estimated their training costs for implementing a software package to start at $100 for the first year and then decrease by 10%

A small company estimated their training costs for implementing a software package to start at $100 for the first year and then decrease by 10% each year after (therefore, g is negative). What would be the equivalent cost in today's dollars to the first 8 years of this training if the interest rate they use is 5%?

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