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posted by Neisha on Sunday, July 7, 2013 at 5:46pm.
The present value of $1,000 to be received in 1 year with annual compounding at a 10% per year rate, would be: $900.00. $909.09. $990.90. $1,100.
I = PRT I = 1,000 * 0.1 * 1 I = 100
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