In two years (t=2), you will deposit $1,000 into a bank account. You know in 10...

 

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In two years (t=2), you will deposit $1,000 into a bank account. You know in 10 years, it will be worth $1,500. You could have also deposited $ at t=5 to have the same amount. In two years (t=2), you will deposit $1,000 into a bank account. You know in 10 years, it will be worth $1,500. You could have also deposited $ at t=5 to have the same amount.