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1 For an investment of $15,000 now, a company can receive $9,250 one year from now, and $9,200 two years from now. Check its earnings
1 For an investment of $15,000 now, a company can receive $9,250 one year from now, and $9,200 two years from now. Check its earnings rate on this deal by comparing it to an account using the following rates. For each part, fill out the following balance sheet Time (year) Interest Deposit Withdrawal Balance 0 $15,000 $15,000 1 ? 59,250 ? 2 9,200 ? a, 10% effective b. 20% effective C. 15% effective
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