1. Calculate the present value of $2000 in 10 years at 2.5% simple interest. 2. Calculate the...

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1. Calculate the present value of $2000 in 10 years at 2.5% simple interest.
2. Calculate the present value of $1000 in 7 years at 4% simple interest.
Use difference equations to answer the question.

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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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Question Posted: Feb 12, 2018 09:32 AM

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1. Calculate the present value of $2000 in 10 years at 2.5% simple interest. 2. Calculate the...

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1 Based on the information given y n y n1 0025y 0 when y 10 2000 Therefore the difference equatio...View the full answer

Finite Mathematics and Its Applications

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