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Homework answers / question archive / 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%

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%

Economics

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?

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