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Assume that on January 1, 2016, the Dow Jones Industrial Average was 11,800. Also assume that on December 31, 2016, we know that the Dow
Assume that on January 1, 2016, the Dow Jones Industrial Average was 11,800. Also assume that on December 31, 2016, we know that the Dow has grown consistently at a rate of 2% during the first semester, and at a rate of 3% during the second semester. Then, in 2017, there is a crash on the financial system similar to the one observed in 1987. At the end of 2017, the Dow has plunged at an annual rate of -22.61%. Calculate the final value of the Dow at the end of 2017 and round the new Dow to the nearest integer.
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