Refer to the table in Exercise 9. If the net profit in the sixth year is projected to be 5% less than the net profit in the fifth year, what is that projected sixth-year net profit?

Exercise 9

The Electronics Company has been in business for five years, and the following table lists the company’s net profit in each of those years. Using the first year as a reference value, find the index number for the net profit in the second year.

Year 2 3 4 5 Net profit ($) 10,008 14,237 19,850 65,334 81,565