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Your friend comes to you with a $2,000 post-dated check. The check is due 2 years fom today. If the interest rate is 5% ,
Your friend comes to you with a | $2,000 | post-dated check. | ||||
The check is due | 2 | years fom today. | ||||
If the interest rate is | 5% | , what is the value of the check today? |
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