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Answer the questions with appropriate formulae in a paper neatly to upload in the moodle

Economics

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Answer the questions with appropriate formulae in a paper neatly to upload in the moodle. 1.) Determine whether receiving BD 2,042 today is equivalent to receiving BD 3,000 after five (5) years, assuming that the interest rate per annum is 8%. What is the equivalent of this amount after year 3?