what is the value of a $1,000 investment that loses 5% each year for 8 years?
8 years and loses %5 ;
Value= 1000.(1-8.\frac{5}{100})
= 1000-400=600
Answer: 600
what is the value of a $1,000 investment that loses 5% each year for 8 years?
8 years and loses %5 ;
Value= 1000.(1-8.\frac{5}{100})
= 1000-400=600
Answer: 600