Question
You will be paid $767 in year 7. How much would that amount be worth in terms of dollars in year 3? The interest
You will be paid $767 in year 7. How much would that amount be worth in terms of dollars in year 3? The interest rate is 6%, and compounding is annual. Enter your answer in terms of dollars, rounded to the nearest cent, and without the dollar sign ('$). So, for example, if your answer is $546.3456, then enter 546.35
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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