As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If

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As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If money can be invested at 6% compounded annually, which is larger?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Aug 05, 2013 03:14 AM

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As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If

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Using the formula for compound A P 1 i n 1...View the full answer

Business Mathematics In Canada

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