1 will accumulate to 2 in a years and 2 will increase to 3 in...
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1 will accumulate to 2 in a years and 2 will increase to 3 in b years. To how much will 111 accumulate to in a+b years? Assume a compound interest financial environment. Answer: The sum of the present value of 2 paid at time 0 , and 9 paid at time 4 years is 7 . To what annual compound interest rate does this correspond? (4 decimals)
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