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How much did grandma invested

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Reference no: EM133006036

Problem 1: What is the present value of an investment worth $75,000 in 7 years from today? The interest rate is 10%.

Problem 2: Your grandma set up a trust for you 15 years ago. It is now worth $68,000. If the fund earned 7% per year, how much did your grandma invested?

Reference no: EM133006036

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