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An investment made in the stock market decreased at a rate of 12% per year for 25 years . What is the current value of the 100,000 investment? Include your calculations in your final answer

Sagot :

Answer:$73947.52

Step-by-step explanation:

The investment decreases in value, so the common ratio r is (1.000-0.012), or 0.988. Thus, A = $100,000* (0.988) ^25 = $73947.52 is the current value, after 25 years.

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