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lesya [120]
2 years ago
9

an investment made in the stock market decreased at a rate of 1.2% per year for 25 years. what is the current value of the 100,0

00 dollar investment?
Mathematics
1 answer:
Ann [662]2 years ago
5 0

Answer:

73947.52

Step-by-step explanation:

the equation would be 100000 * (0.988)^25

since time is 25 years, and rate is 0.988, since we are decreasing by 0.012.

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