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For 5 % per year interest rest, show which of the following statements are true and which are false. (a) 98.00 now is equivalent to
For 5 % per year interest rest, show which of the following statements are true and which are false.
(a) 98.00 now is equivalent to 105.60 one year from now
(b) 200.00 one year ago is equivalent to 205.00 now.
NOTE: If possible please send in computerized form for better understanding. Thank you.
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