The value of an investment in shares of Air Canada at the end of the second year
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Question:
The value of an investment in shares of Air Canada at the end of the second year was $115,500. The returns during the first and second year were 10% and 5%, respectively. What is the value of the initial investment?
Select one: a. None of the THESE b. $99,945.91 c. $100,000 d. $107,441.86 e. $100,434.78
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