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Thomas invest 10,000 dollars in the stock market.  He lost 1.5% each year.  To the nearest hundredth, how much did he have after 15 years?

 Aug 25, 2021
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R ==10,000 x (0.985^15)

 

R==10,000 x  0.79715625....

 

R ==$7,971.56 - what he had left after 15 years.

 Aug 25, 2021

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