Answer
$280$
Work Step by Step
$y=C(1-r)^x$
$C=402; r=0.07; x=5$
$y=402(1-0.07)^{5}$
$y=402(0.93)^{5}$
$y\approx280$
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.