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?
1 answer:
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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