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You will be paid $414 in year 8. How much would that amount be worth in terms of dollars in year 3? The interest rate
You will be paid $414 in year 8. How much would that amount be worth in terms of dollars in year 3? The interest rate is 10%, and compounding is annual.
Enter your answer in terms of dollars, rounded to the nearest cent, and without the dollar sign ('$'). So, for example, if your answer is $546.3456, then enter 546.35
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