TheresaKing TheresaKing

13-05-2022
Mathematics

contestada

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 100,000 dollar investment?

Respuesta :

minhobeak minhobeak

13-05-2022

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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