Answer: 1579588.27
Explanation:
This is an exponential decay problem, which is commonly represented as a(1-r)^n, where a is the starting value, r is the decay, and n is for how many time steps.
In this case, the starting value is 2759000, the decay is 0.0275, and there are 20-time steps.
Our equation can then be represented as 2759000(0.9725)^20, and then we solve by using a calculator, and our result is 1579588.27.