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You opened a savings account last year and earned $25 in interest. Then, you decided to leave the $25 in your account this coming year
You opened a savings account last year and earned $25 in interest. Then, you decided to leave the $25 in your account this coming year so it will earn interest. This process of earning interest on interest is called: compounding: discounting. indexing duplicating. multiplying. Beyond Barcodes Bookstore can generate cash flows of $4,900,$9,900, and $16,100 over the next three years, respectively. The rate of return is 10 percent. How much do these cash flows worth now? $23,400.53$30,900.00$32.908.50$24.732.53$25,904.15
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