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please do a detailed explanation and time diagram What sum of money due on October 1, 2028 is equivalent to $2000 due on January 1,
please do a detailed explanation and time diagram
What sum of money due on October 1, 2028 is equivalent to $2000 due on January 1, 2005 if interest rates were 1.3%/year compounded monthly before January 1, 2010, changed to 1.3%/year compounded monthly from January 1, 2010 to January 1, 2020, and stood at 7.3%/year compounded monthly thereafterStep by Step Solution
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