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Whats present value of cd with four percent annual interest

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Problem 1: What is the present value of CD with 4% annual interest that matures in 1 year with a value of $3000? If you had $3,000 right now, with the same rates for the same amount of time, can you calculate its future value? What factor would determine which value you chose to use?

Reference no: EM132937264

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