Given that its value decreases by r = -3.2% (i.e decreasing means that the rate is negative) and that the current value of the company is P = 2,300,000.
The value of the company in n = 5 years is given by
[tex]FV=P(1+r)^n \\ \\ =2,300,000(1-0.032)^5 \\ \\ =2,300,000(0.968)^5=2,300,000(0.8499) \\ \\ =\$1,954,810.81[/tex]
