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Problem 1: Save 100 yen at time 0 . Assume that the interest rate is 5%. (i) Calculate the wealth after 5 years by simple
Problem 1: Save 100 yen at time 0 . Assume that the interest rate is 5\%. (i) Calculate the wealth after 5 years by simple interest. (ii) Calculate the wealth after 5 years by compound interest
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