The value of investments in the stock market changes daily. Suppose you buy a stock for $1,000. It increases in value by 4.5% and then falls 4.5%. What is the new value? Round to the nearest cent.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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The value of investments in the stock market changes daily.  Suppose you buy a stock for $1,000.  It increases in value by 4.5% and then falls 4.5%.  What is the new value?  Round to the nearest cent.

 

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