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Suppose you deposit $775.00 today, $855.00 in one year, and $432.00 in two years in an account that pays an annual rate of interest of
Suppose you deposit $775.00 today, $855.00 in one year, and $432.00 in two years in an account that pays an annual rate of interest of 8.86% . How much money will be in the account after three years?
What is the most you would be willing to pay for a investment that will pay you $859.00 in one year, $236.00 in two years, and $401.00 in three years, if your required rate of return for this type of investment is 23.46% ?
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