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accepi

Accepi

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FINC $3310$

Time Value of Money $($CH#$5)$

Problem $2$

Intro

You invest $$1,200$ in a savings account that pays $2\mathrm{.}6\%$ interest per year.

Part $1$

Attempt $\frac{1}{5}$ for $10$ pts$.$

How much money will you have in one year? $$

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Accepi $2012$