Short Answer
Joe invested $10,000 in the stock market, while Sam invested $20,000. Joe's investment increased by 6% per year for 10 years. Sam's investment decreased in value by 12% per year for 5 years and then increased by 12% per year for the next 5 years. What was Joe's investment worth after 10 years? Round to the nearest dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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