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**