Homework Help: business math

Posted by liz c on Saturday, November 13, 2010 at 9:37pm.

stocks in the health industry depreciated by 5.7% in the first eight months of 1993. Assuming that this trend were to continue, how much would a $70,000 investment be worth in 8 years? (Hint: 8 years corresponds to 12 eight-month periods. Round your answer to the nearest cent.)
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