Mathematics, 03.04.2021 22:20 josefaarancibia5
Suppose that you have $13,000 in a rather risky investment recommended by your financial advisor. During the first
year, your investment decreases by 40% of its original value. During the second year, your investment at the end of year
one increases by 50%. Your advisor tells you that there must have been a 10% overall increase of your original $13,000
investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your
original $13,000 investment?
Answers: 1
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Suppose that you have $13,000 in a rather risky investment recommended by your financial advisor. Du...
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