If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

A D 3) Use the situation to answer the question.
If the value of a stock depreciates at 3% a year, what will a $100 investment be worth
in 20 years?
$87.12
$23.61
$54.38
$70.69
Transcribed Image Text:A D 3) Use the situation to answer the question. If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years? $87.12 $23.61 $54.38 $70.69
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