Compare the economic values of $1480 today vs. $1515 in 150 days. Assume money can earn 6.75%.

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Compare the economic values of $1480 today vs. $1515 in 150 days. Assume money can earn 6.75%. At what rate would the two amounts be equivalent?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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Compare the economic values of $1480 today vs. $1515 in 150 days. Assume money can earn 6.75%.

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The equivalentvalue of 1480 150 days from now is The 1480 ...View the full answer

Business Mathematics In Canada

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