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Compute the amount of money to be set aside today

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Reference no: EM131623369

Question: 1. Compute the amount of money to be set aside today to ensure a future value of $2,500 in one year if the interest rate is 2.5% annually, compounded annually

2. How much should Linda Bryan set aside now to buy equipment that costs $8,500 in one year? The current interest rate is 0.95% annually, compounded annually

Reference no: EM131623369

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