Six months ago you won $1,000,000 on a scratch-off lottery ticket and invested your winnings with a

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Six months ago you won $1,000,000 on a scratch-off lottery ticket and invested your winnings with a financial advisor at the investment firm Dewey, Lie, and Howe. The earnings on the investment are compounded monthly.

You complain to the financial advisor that your returns after 6 months are inadequate and do not even cover the advisor's fees. The 6 monthly interest rates (in decimal form) have been R₁ = -0.4, R₂ = 0.67, R₃ = 1.0, R₄ = -0.5, R₅ = 0.2, R₆ = -0.165.

Question 1. What is the total worth of your investment after 6 months?

Posted Date: May 17, 2024 07:04 PM

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Six months ago you won $1,000,000 on a scratch-off lottery ticket and invested your winnings with a

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