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ENG106W12-Q1-solution - ENG 106 Winter 12 Quiz#1 Open Notes...

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ENG 106 Winter ‘12 Open Notes Quiz #1 Name: A disbursement of $400 is made at the end of year 3 and a disbursement of $600 at the end of year 5. Assume a 12% interest rate. a) Determine the present worth (P), b) Determine the future worth (F) at the end of year 5.
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