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Question 6: Analyse the following case and answer the questions (3 marks): After 3 years of investment, now Lisa has a saving of $7,500. Given

Question 6: Analyse the following case and answer the questions (3 marks):

After 3 years of investment, now Lisa has a saving of $7,500. Given the rate of return of 8%, how much money Lisa had put in her investment 3 years ago? Please show workings.

a. Is this question about finding present value or future value? (1 mark) (50 words)

b. Perform calculation to find out how much money had Lisa put into her investment 3 years ago?

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