Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 40% of its original value. During the second year,...


Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 40% of its<br>original value. During the second year, your investment at the end of year one increases by 50%. Your advisor tells you that there must have been a 10% overall<br>increase of your original $9,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original<br>$9,000 investment?<br>Select the correct choice below and fill in the answer boxes to complete your choice.<br>(Type a whole number.)<br>O A. No, there is an actual percent gain of<br>%<br>O B. Yes, there is an actual percent loss of<br>%<br>O C. Yes, there is an actual percent gain of<br>%<br>O D. No, there is an actual percent loss of<br>%<br>

Extracted text: Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 40% of its original value. During the second year, your investment at the end of year one increases by 50%. Your advisor tells you that there must have been a 10% overall increase of your original $9,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $9,000 investment? Select the correct choice below and fill in the answer boxes to complete your choice. (Type a whole number.) O A. No, there is an actual percent gain of % O B. Yes, there is an actual percent loss of % O C. Yes, there is an actual percent gain of % O D. No, there is an actual percent loss of %

Jun 05, 2022
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