Answer:
$210,145.925
Explanation:
From the question we can deduce that he lost 13% of his original value and gained 12% of its new value back.
So,
215667 × 0.13 = 28,036.71
We, subtract this from the first value 215667-28036.71 = 187630.29 and that is 87% of original value.
He then gains 12% of new value back. 187630.29 x 0.12 = 22515.6348
To get the current value of his IRA, add this to the previous figure 187630.29 + 22515.6348 = $210,145.925
