Assuming that this trend were to continue

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Stocks in a certain industry depreciated by 5.9% in the first 2 months of 1993. Assuming that this trend were to continue, how much would a $90,000 investment be worth in 2 years? HINT [Two years corresponds to 12 two-month periods.] (Round your answer to the nearest cent.)

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Reference no: EM132048130

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