Question
During the past several years, we experienced significant turmoil of our financial market. Dow Jones Industrial Average index (DJIA), for example, has shown its records
During the past several years, we experienced significant turmoil of our financial market. Dow Jones Industrial Average index (DJIA), for example, has shown its records on a roller coaster as follows:
Date DJIA (imaginary index; these are not true at all)
1. Oct. 12, 2014 11,000
2. Oct. 10, 2015 11,100
3. Oct. 16, 2016 13,300
4. Oct. 14, 2017 15,000
5. Oct. 07, 2018 16,500
6. Oct. 03, 2019 26,500
1 You made an investment of $20,000 into the DJIA on October 12, 2014. You had been keeping it all without any changes. How much was it worth on Oct. 03, 2019? Round your answer to the nearest dollar.
2 On Oct. 16, 2016, you invested additional $10,000 into the DJIA thinking that it would rise higher. How much was the additional (=new) investment worth on Oct. 3, 2019?
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