An investor invests in a new fund. The fund averages 10% growth annually for the first three years, but it loses 20% 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?	Choose the correct choice
A) 97.64%	B) 100.98%	C) 103.45%	D) 106.48%	E) 109.78%
0.8*1.1^3 = 1.0648   The answer is 106.48%.
<result>D</result>
An investor invests in a new fund. The fund averages 10% growth annually for the first three years, but it loses 20% 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?