SOLUTION: An investment made in the stock market decreased at a rate of 2.2% per year for 10 years. What is the current value of the $1,000,000 investment? Include your calculations in your

Question 1141055: An investment made in the stock market decreased at a rate of 2.2% per year for 10 years. What is the current value of the $1,000,000 investment? Include your calculations in your final answer.

Answer by greenestamps(13195) (Show Source): You can put this solution on YOUR website!

A decrease of 2.2% per year means the value gets multiplied by 97.8% each year. So

Use a calculator....
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