Mathematics, 06.05.2021 19:40 michaellangley
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Your family's new business is finally starting to get on track. You started with an investment of $20,000, but lost 10% the first year, 6% the second year, and 3$ the third year. During the fourth year, however, you gained 5%
(A) How much money did you have after the first three years?
(B) What was the cumulative decay factor after the first three years?
(C) What was the cumulative factor after the first four years? Does this factor represent decay or growth?
(D) What percent increase do you need to get during the fifth year to break even (end up with $20,000)?​
Answers: 1
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