You place $1000 in a mutual fund. The first year, the value of the fund increases by
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You place $1000 in a mutual fund. The first year, the value of the fund increases by 10%. The second year, the value of the fund decreases by 10%. Determine the value of the fund at the end of the second year. Is it greater than, less than, or equal to your initial investment.
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Somshukla Chakraborty
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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