Assume that you have deposited some amount of money last, Business Economics

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Assume that you have deposited some amount of money last

Assume that you have deposited some amount of money last year and the nominal interest rate was 10 percent. After one year, you learn that you have $1,595 in your account. How much money did you deposit initially? Explain your answers.

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Business Economics: Assume that you have deposited some amount of money last

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Business Economics: Assume that you have deposited some amount of money last

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