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3 years ago

12

PLEASE HELP!!

1 answer:

Ymorist [56]3 years ago

3 0

Your loss of 13% means the value of the fund has been multiplied by
100% - 13% = 87% = 0.87
Your gain of 13% means the value of the fund has been multiplied by
100% + 13% = 113% = 1.13

Over the 2-month period, your fund's value has been multiplied by the product of these, so is
$1000·0.87·1.13 ≈ $983.10

The appropriate choice is ...
c) $983

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