Question
You invested $1000 on Jan 1, 2000. Over the next five years your investment grew as follows Yr 1: 8%, Yr 2: 3%, Yr 3:
You invested $1000 on Jan 1, 2000. Over the next five years your investment grew as follows Yr 1: 8%, Yr 2: 3%, Yr 3: -5%, Yr 4: -5, Yr 5: 15%. Approximately how much was your investment worth at the end of that time? A) $1600 B) $1155 C) $1029 D) Insufficient data to calculate
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
