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22 November, 05:06

If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the

investment will be worth $

When John receives $1,000 a year from now, the $1,000 he invested today will be worth $

$1,000 he receives in the future.

more than the

ools

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Answers (1)
  1. 22 November, 05:32
    0
    In a year the investment will be worth $1,048
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