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Problem: Suppose that you invest $100. Five years later, how much money will you have in your account assuming the following interest. (a) 5% compound
Problem: Suppose that you invest $100. Five years later, how much money will you have in your account assuming the following interest. (a) 5% compound interest (b) 5% compound discount rate (c) 5% simple interest for the first two years and 5% simple discount rate for the next three years (d) 5% compound interest for the first two years and 5% compound discount rate for the next three years
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