How much is that worth now at twelve percent interest


Problem

Suppose you were promised $400 three years from now and $600 at the end of five years.

How much is that worth now at 12% interest?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much is that worth now at twelve percent interest
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