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Assume that it is now January 1, 2009, and you will need Rs.1,000 on January 1, 2013. Your bank compounds interest at an 8 percent

Assume that it is now January 1, 2009, and you will need Rs.1,000 on January 1, 2013. Your bank compounds interest at an 8 percent annual rate. 1) How much must you deposit on January 1, 2010, to ha...

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