An investment increases in value by 20% in the first year. The new value increases by 18% in the second year. It increases by 16% in the third year, and 14% in the fourth year, etc. The value after...


An investment increases in value by 20% in the first year. The new value increases by 18% in the second<br>year. It increases by 16% in the third year, and 14% in the fourth year, etc.<br>The value after five years is $23,069.43. Clearly explain how you would find the initial amount of the<br>investment.<br>

Extracted text: An investment increases in value by 20% in the first year. The new value increases by 18% in the second year. It increases by 16% in the third year, and 14% in the fourth year, etc. The value after five years is $23,069.43. Clearly explain how you would find the initial amount of the investment.

Jun 10, 2022
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