the year. What is your investment worth at the end of the year?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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You invest $ 3,800 at the
beginning of the year in Bitcoin.
Your Bitcoin investment goes up
by 48% per month for the first half
the year, then declines by -39%
per month for the second half of
the year. What is your investment
worth at the end of the year?
Transcribed Image Text:You invest $ 3,800 at the beginning of the year in Bitcoin. Your Bitcoin investment goes up by 48% per month for the first half the year, then declines by -39% per month for the second half of the year. What is your investment worth at the end of the year?
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