An uncertain investment: Suppose you invested $1300 in the stock market 2 years ago. During the first year, the value of the stock increased by 12%. During the second year, the value of the stock...



An uncertain investment: Suppose you invested $1300 in the stock market 2 years ago. During the first year, the value of the stock increased by 12%. During the second year, the value of the stock decreased by 12%. How much money is your investment worth at the end of the two-year period? Did you earn money or lose money? (Note: The answer to the first question is not $1300.)



May 06, 2022
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