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Finance Suppose you make a deposit of $1000 at time zero. Then you withdraw $800 at time one and $300 at time two. Finally you
Finance
Suppose you make a deposit of $1000 at time zero. Then you withdraw $800 at time one and $300 at time two. Finally you deposit another $100 at time three. At time four, you check your balance, and it's $146.30. Show that 10% works as an interest rate, and use the positive-balance criterion to show that this is the unique interest rateStep by Step Solution
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