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If you deposit $1,000 over three years at 9% annual interest (meaning that you will make one lump sum withdrawal at the end of three
If you deposit $1,000 over three years at 9% annual interest (meaning that you will make one lump sum withdrawal at the end of three years), what is the interest earned in the 2nd year?
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Fundamentals of Engineering Economics
Authors: Chan S. Park
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