We invest 1000 in an account earning 6 per year for 3 years


We invest $1,000 in an account earning 6% per year for 3 years. What is the net present value of our investment if the nominal interest rate is 5%?

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Finance Basics: We invest 1000 in an account earning 6 per year for 3 years
Reference No:- TGS0595005

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