Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort Nasdaq Biotech ETF (BIS) which has a return of 53.67% so far this year, you are hoping that this will continue. However, over the last 3 years, the return has been -46.74%. How much will you have in 2 years if the return is -46.74%?

Please show your work including the right formula, and please explain.

Thank you