Question
You discover a savings account belonging to your great-grandmother. It has been earning 1% annually for 50 years. The balance is $35,712. How much money
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You discover a savings account belonging to your great-grandmother. It has been earning 1% annually for 50 years. The balance is $35,712. How much money did your great-grandmother originally put in the account, to the nearest dollar?
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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