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Question 2 Solve the problem using Single Payment Compound Interest Formula. You are planning to withdraw $ 5 0 0 in year 0 , $

Question

2

Solve the problem using Single Payment Compound Interest Formula.

You are planning to withdraw $

500

in year

0,

750

in year

3

and $

900

in year

6 .

At an interest rate of

12 %,

what is the present worth of all the withdrawals? Blank

1

Solutions that are not based on Single Payment Compound Interest Formulas will not be accepted.

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