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djsmyers djsmyers
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7 years ago
You invest an amount today for four years that pays 6% annually. The bank compounds annually. At the end of the four years you will have $150. What amount must you invest today?
A) $148.81
B) $138.81
C) $128.81
D) $118.81
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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7 years ago
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7 years ago
Thank you!
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