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    Economics Study Set 2
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    Exam 29: Rent, interest, and Profit
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    If the Interest Rate Is 8% and $1 Will Be
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If the Interest Rate Is 8% and $1 Will Be

Question 35

Question 35

Essay

If the interest rate is 8% and $1 will be paid to you in 3 years,what is the present value of that dollar (to the nearest tenth of a cent)?

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