Assume compounding/discounting.
You invested $25,000. Your investment will yield 6.25% first year, 12.4% second year. Third year you will lose 10.58% of whatever you have after 2 years. However, after that year next 3 years will be successful and will yield 8% each year. How much money will you have at the end of 6 years?
A. |
$34,333 |
|
B. |
$33,631 |
|
C. |
$33,539 |
|
D. |
$32,857 |
|
E. |
$36,357 |
ANSWER : B : 33631
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