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If you invest $2,000 at time 0 and a(t) = 1 + 0.04t, how much will you have at time 7?If money grows according to
If you invest $2,000 at time 0 and a(t) = 1 + 0.04t, how much will you have at time 7?If money grows according to simple discount at an annual rate of 5%, what is the value at time 4 of $3,420 to be paid at time 7? (Round your answer to the nearest cent.)
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