How much will you have to give the customer in 3 years

Reference no: EM13270805

You hold $2,000 as a customer deposit, but the customer wants to make sure he does not loose on the opportunity cost of those dollars. You agree to pay the customer 10% interest during the holding period. At the end of 3 years you need to return the deposit and the interest to the customer. How much will you have to give the customer in 3 years?

Reference no: EM13270805

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