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24-02-2017
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if you invest $1,500 today in a bank that gives you a 5 percent annual interest rate, which of these items can you buy in two years?

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24-02-2017

The end value after 2 years is $1,500 x 1.05 x 1.05 = $1,653.75 and you can only afford to buy the electronics equipment (a).

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