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    Business Mathematics Study Set 1
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    Exam 2: Review and Applications of Algebra
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    Use the Formula V<sub>f</sub> = V<sub>i</sub>(1 + C<sub>1</sub>)(1 + C<sub>2</sub>)(1
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Use the Formula Vf = Vi(1 + C1)(1 + C2)(1

Question 409

Question 409

Short Answer

Use the formula Vf = Vi(1 + c1)(1 + c2)(1 + c3) to determine c2 if Vf = $586.64, Vi = $500, c1 = 0.17, and c3 = 0.09.

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