Short Answer
Joe invested $20,000 in the stock market, and Sam invested $20,000.Joe's investment increased in value by 5% per year for 10 years.Sam's investment decreased in value by 10% for 5 years and then increased by 10% for the next 5 years.At the end of the 10 years, whose investment was worth more, Joe's or Sam's?
Correct Answer:
Verified
Correct Answer:
Verified
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