Determine how much will have at the end of two years

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Question 1: Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort Nasdaq Biotech ETF (BIS) which has a return of 53.67% over the last year. You are hoping this return will continue for the next two years. If the return remains at 53.67%, how much will you have at the end of 2 years?

Question 2: Your tax return will be $500 this year. You have decided that you will invest it in the ProShares UltraShort Nasdaq Biotech ETF (BIS) which has a return of 53.67% so far this year, you are hoping that this will continue. However, over the last 3 years, the return has been -46.74%. How much will you have in 2 years if the return is -46.74%?

Reference no: EM132532822

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