SOLUTION: an avestment is losing value at a rate of 8% per year and now has a value of $8200. find the investment in 5 years
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Question 563621: an avestment is losing value at a rate of 8% per year and now has a value of $8200. find the investment in 5 years Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! an avestment is losing value at a rate of 8% per year and now has a value of $8200. find the investment in 5 years
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Ans = 8200*0.92^5 = $5404.47
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Cheers,
Stan H.
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