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Alex777 [14]
3 years ago
12

PLEASE HELP!!

Mathematics
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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