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Solve the problem. Suppose that you invest $7000 in a risky investment. At the end of the first year, the investment has decreased by 50%
Solve the problem. Suppose that you invest $7000 in a risky investment. At the end of the first year, the investment has decreased by 50% of its original value. At the end of the second year, the investment increases by 60% of the value it had at the end of the first year. Your investment consultant tells you that there must have been a 10% overall increase of the original $7000 investment. Is this an accurate statement? If not, what is your actual percent gain or loss on the original $7000 investment. Round to the nearest percent
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