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:

Obvious Solutions

Solutions that are straightforward or easily understood, often the first ones considered in problem-solving.

Disrupting Brand Position

The act of altering the established market position of a brand, often through innovative strategies, to create a new marketplace perception.

Designers

Professionals who plan, conceptualize, and create visual solutions or products, considering aesthetic and functional aspects.

Marketers

Professionals involved in the identification, anticipation, and satisfaction of customer needs and desires, usually through the development and promotion of products or services.