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    Exam 29: Rent, interest, and Profit
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    Which Value Is Higher? A)$1,000 Today or B)$10,000 in 20
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Which Value Is Higher? A)$1,000 Today or B)$10,000 in 20

Question 22

Question 22

Short Answer

Which value is higher? a)$1,000 today or b)$10,000 in 20 years if the interest rate is 12%.

Correct Answer:

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a)1,000;b)$10,000 x 10.37 = $1...

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