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You opened a saving account and deposited 3000 a year ago

You opened a saving account and deposited $3000 a year ago. What is the balance of the account now? The interest rate is 1% per year, compounded annually.

What is the present value of $1,010 a year from now. The discount rate is 1% per year, compounded annually.

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Finance Basics: You opened a saving account and deposited 3000 a year ago

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Finance Basics: You opened a saving account and deposited 3000 a year ago

Reference No:- TGS02624941

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