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