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    Exam 8: Compound Interest: Future Value and Present Value
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    If a Quantity Declines by X% Per Year (Compounded) for 2
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If a Quantity Declines by X% Per Year (Compounded) for 2

Question 74

Question 74

Essay

If a quantity declines by x% per year (compounded) for 2 years, will the overall percent decrease be more or less than 2x%? Explain.

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The overall decrease...

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