Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this trend were to continue, how much (in dollars) would a $30,000 investment be wort [HINT: Eight years corresponds to 12 eight-month periods.] (Round your answer to the nearest cent.) +15949 60

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ISBN:9780470458365
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Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this trend were to continue, how much (in dollars) would a $30,000 investment be worth in 8 years?
[HINT: Eight years corresponds to 12 eight-month periods.] (Round your answer to the nearest cent.)
15848.60 X
Transcribed Image Text:Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this trend were to continue, how much (in dollars) would a $30,000 investment be worth in 8 years? [HINT: Eight years corresponds to 12 eight-month periods.] (Round your answer to the nearest cent.) 15848.60 X
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