Describe how to perform the calculation
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If you were to invest $150.00 at 5% (compound) interest for 5 years, how much would it be worth? Describe how to perform the calculation. Complete the calculation as part of the description.
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A machine is purchased by making payments of $20000 at the beginning of each of the next five years. The interest rate was 12%. What is the cost of the machine?
How much would it be worth? Describe how to perform the calculation. Complete the calculation as part of the description.
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