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What principal is needed now to get $1000 in 1 year at 3% compounded annually How much

Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition | ISBN: 9780470876398 | Authors: Michael Sullivan ISBN: 9780470876398 408

Solution for problem 52 Chapter 6.2

Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition

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Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition | ISBN: 9780470876398 | Authors: Michael Sullivan

Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition

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Problem 52

What principal is needed now to get $1000 in 1 year at 3% compounded annually? How much should be invested to get $1000 in 2 years?

Step-by-Step Solution:
Step 1 of 3

tF rlr lf /\ l(z ^ "------I 1- \,, t X { ---|-' I -z.Y I ,V .( l+ u\ I X 7Y -__--_-- X \ \ x-{+-x...

Step 2 of 3

Chapter 6.2, Problem 52 is Solved
Step 3 of 3

Textbook: Finite Mathematics, Binder Ready Version: An Applied Approach
Edition: 11
Author: Michael Sullivan
ISBN: 9780470876398

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What principal is needed now to get $1000 in 1 year at 3% compounded annually How much

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