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Future Value. Luis wants to know how much he will have available to spend on his trip to Belize in three years if he deposits
Future Value.Luis wants to know how much he will have available to spend on his trip to Belize in three years if he deposits
$4,600
today at an interest rate of 3%.
If he deposits
$4,600
today at an annual interest rate of 3
percent, the amount Luis will have available to spend on his trip to Belize in three years is $nothing.
(Round to the nearest cent.) (Use your financial calculator
or you may use the Financial Tables in Appendix C
in computing your answer.) Step by Step Solution
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