3 years ago

What is the value of $1000 investment that loses 5% each year for eight years

Business

2 answers:

nadya68 [22]3 years ago

8 0

Answer:

$663.420

Explanation:

The value for the investment is the future of $1000, earning a compound interest of -5% for eight years.

The formula for compound interest is as below.

FV = PV × (1+r)^n

Fv = $1000 x ( 1 + (-5/100)^8

Fv= $1000 x (1 +(-0.05)^8

FV= $1000 x (0.95)^8

Fv=$1000x 0.6634204

Fv=$663.420

The value will be $663.42

LiRa [457]3 years ago

5 0

Answer:

663.42

Explanation:

Trust me and him ^

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