You will be paid $767 in year 7. How much would that amount be worth in...

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You will be paid $767 in year 7. How much would that amount be worth in terms of dollars in year 3? The interest rate is 6%, and compounding is annual. Enter your answer in terms of dollars, rounded to the nearest cent, and without the dollar sign ('$). So, for example, if your answer is $546.3456, then enter 546.35 You will be paid $767 in year 7. How much would that amount be worth in terms of dollars in year 3? The interest rate is 6%, and compounding is annual. Enter your answer in terms of dollars, rounded to the nearest cent, and without the dollar sign ('$). So, for example, if your answer is $546.3456, then enter 546.35

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ANSWER So the Amount worth in terms of in Year 3 ... View the full answer