Answer:
The change after five years is equal to -$100
Step-by-step explanation:
If the insurance payment is equal to P = N dollars, where P is a real number, we know that after one year, the payment decreaces by $20, so the new payment is:
P = N - $20
Then, after 5 years, the $20 dollars are discounted five times, so the payment will be:
P = N -5*$20 = N - $100
Then the total change after 5 years is equal to those $100 that are being subtracted in the last equation.
