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?

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

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ISBN: 9780470876398
408

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?

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##### Textbook: Finite Mathematics, Binder Ready Version: An Applied Approach

##### Edition: 11

##### Author: Michael Sullivan

##### ISBN: 9780470876398

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

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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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