Problem

Investing You place $1000 in a mutual fund. The first year, the value of the fund increase...

Investing You place $1000 in a mutual fund. The first year, the value of the fund increases by 10%. The second year, the value of the fund decreases by 10%. Determine the value of the fund at the end of the second year. Is it greater than, less than, or equal to your initial investment?

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