Question: Peter just saved $200 in a bank and the account has an interest rate of 10%. If he keeps the money there for 3 years,

Peter just saved $200 in a bank and the account has an interest rate of 10%. If he keeps the money there for 3 years, he will get by the end of year 3. This is a calculation of $266.2; present value $260; future value $266.2; future value $260: present value

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