An initial investment of $545.45 declines at a rate of 5 percent per year.What is the value of the investment after 3 years? Round your answer to the nearest cent.

A) $572.72
B) $81.82
C) $467.66
D) None of the above

Name: An initial investment of $545.45 declines at a rate of 5 percent per year.What is the value of the investment after 3 years? Round your answer to the nearest cent. A) $572.72 B) $81.82 C) $467.66 D) None of the above
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Question

An initial investment of $545.45 declines at a rate of 5 percent per year.What is the value of the investment after 3 years? Round your answer to the nearest cent. ​
​
A) $572.72
B) $81.82
C) $467.66
D) None of the above

Quizplus · Accepted Answer

The Answer is C

An Initial Investment of $545