An investor invests in a new fund. The fund averages 20% growth annually for the first three years, but it loses 40% of its value in the fourth year. At the end of four years, the value of the fund is approximately what percent of the original amount?	Select
A) 91.23%  B) 95.56%  C) 97.86%  D) 101.45%  E) 103.68%
0.6*1.2^3 = 1.0368   The answer is 103.68%.
<result>E</result>
An investor invests in a new fund. The fund averages 20% growth annually for the first three years, but it loses 40% of its value in the fourth year. At the end of four years, the value of the fund is approximately what percent of the original amount?