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

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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) About Me  (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

1000000%2A%280.978%29%5E10

Use a calculator....