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Exactly one month ago, the value of your 401 K was 500,000. Today its value has dropped to $490,000. What was the (simple) percentage return
Exactly one month ago, the value of your 401 K was 500,000. Today its value has dropped to $490,000. What was the (simple) percentage return on your 401K for the past month? What was its annualized return if you assume monthly compounding?what was its annualized return if you assume continuous compounding
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