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29 September, 06:48

In 2008 Melvin thought that he was making a sound investment by buying $100,000 worth of Alpha Biotechnology stock. Unfortunately, his investment has depreciated, losing 13% of its current value each year.

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  1. 29 September, 08:24
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    The current value of an invested of $100, 000 that has lost a value of 13% will be:

    current value in percent=100-13=87%

    The value of $100,000 investment will be:

    87/100*100000

    =$87,000
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