What amount 12 months ago is equivalent to $2,900, 2½ years
from now if money earns 4.50% compounded monthly during the
intervening time?
Thank you!
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What amount 12 months ago is equivalent to $2,900, 2½ years
from now if money earns 4.50% compounded monthly during the
intervening time?
Thank you!
Here's a hint:
Then solve for x.