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What is the value of a 1000 dollar investment that loses 5% each year

What is the value of a 1000 dollar investment that loses 5% each year
asked 160k views
4 votes
What is the value of a 1000 dollar investment that loses 5% each year

asked
User Chris Whittle
by
8.1k points

1 Answer

5 votes

Answer:

$663.42

Step-by-step explanation:

1000(0.95)^8

= $663.42

answered
User Userspaced
by
8.7k points
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