Mathematics, 11.02.2020 20:20 musicaljay8320
Six months ago you won $1,000,000 on a scratch-off lottery ticket and invested your winnings with a financial advisor at the investment firm Dewey, Lie, and Howe. The earnings on the investment are compounded monthly. You complain to the financial advisor that your returns after 6 months are inadequate and do not even cover the advisor's fees. The 6 monthly interest rates (in decimal form) have been R1 = -0.4, R2= 0.67, R3 = 1.0, R4 = -0.5, R5 = 0.2, R6 = -0.165.
A. What is the total worth of your investment after 6 months?
B. What is the geometric mean of the above monthly returns?
Answers: 3
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Six months ago you won $1,000,000 on a scratch-off lottery ticket and invested your winnings with a...
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