(1 point)\nround any decimals to the nearest penny.\nyou invest $1,050.00, buying stock in a company at…

(1 point)\nround any decimals to the nearest penny.\nyou invest $1,050.00, buying stock in a company at $10.00/share. the shares increase in value by 13% the first year and decrease by 5% the second year. how much is the total value of your stocks in the second year? (remember to round the per - share price to the nearest penny before completing any other computations.)

(1 point)\nround any decimals to the nearest penny.\nyou invest $1,050.00, buying stock in a company at $10.00/share. the shares increase in value by 13% the first year and decrease by 5% the second year. how much is the total value of your stocks in the second year? (remember to round the per - share price to the nearest penny before completing any other computations.)

Answer

Explanation:

Step1: Calculate number of shares

Number of shares = $\frac{1050}{10}=105$

Step2: Calculate share - price after first - year increase

Share - price after first - year = $10\times(1 + 0.13)=10\times1.13 = 11.30$

Step3: Calculate share - price after second - year decrease

Share - price after second - year = $11.30\times(1 - 0.05)=11.30\times0.95 = 10.735\approx10.74$

Step4: Calculate total value of stocks in second year

Total value = Number of shares×Share - price after second - year = $105\times10.74 = 1127.70$

Answer:

$1127.70$