Math Problem Statement

The beginning holding is $5500. the value of the holding decreases by a factor of -0.54. find the new value of the holding.

Solution

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Math Problem Analysis

Mathematical Concepts

Multiplication of a real number by a negative factor
Basic arithmetic operations
Negative results in financial terms

Formulas

New value = Initial value × Decrease factor

Theorems

Properties of multiplication
Negative numbers in real-world contexts

Suitable Grade Level

Grades 6-8