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Economy problem The Time Value of Money 1. If you had $5000 and invested it in a savings account that pays 6% interest, how much

Economy problem

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The Time Value of Money 1. If you had $5000 and invested it in a savings account that pays 6% interest, how much money would you have in 10 years? If you had $2500 and invested it in a 5 year C.D. that pays 6% interest, how much money would you have (in 5 years of course)

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