Joe Invested $10,000 in the Stock Market, While Sam Invested

question 69

Short Answer

Joe invested $10,000 in the stock market, while Sam invested $20,000. Joe's investment increased by 6% per year for 10 years. Sam's investment decreased in value by 12% per year for 5 years and then increased by 12% per year for the next 5 years. What was Joe's investment worth after 10 years? Round to the nearest dollar.

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Definitions:

Labor Force

The total number of people employed or actively seeking employment in a given country or region.

Yes-No Couples

Pairs in relationships who frequently find themselves in opposition, often saying "yes" and "no" to the same proposals, leading to potential conflicts.

Closed Adoptions

An adoption process where there is no exchange of information or contact between the biological and adoptive families.

Birth Parents

The biological parents who gave birth to a child, as opposed to adoptive parents.