Multiple Choice
Suppose you make an investment of $2000 that you are not allowed to cash in for five years. Unfortunately, the value of the investment decreases by 15% per year. How long will it be before your investment decreases to half its original value?
A) 2.5 years
B) 3.6 years
C) 4.1 years
D) 4.3 years
Correct Answer:
Verified
Correct Answer:
Verified
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