Answer:
After 1 yr P1 = .946 Po
After 2 yrs P = .946 P1 = .946^2 Po
After n yrs P = .946^n Po
.45 = .946^n What is n needed to drop P to .45 P
log .45 = n log .946
n = log .45 / log .946 = -.347 /-.0241 = 14.4 years
7.6m questions
10.2m answers