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As a future graduation present, you uncle has just placed $6,000 in a bank account that will earn an annual rate of return of 6%- How much will be in that account when you graduate in four years?

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The time value of money is the widely accepted idea that there is greater benefit to receiving a sum of money now rather than an identical sum later.


As a future graduation present, you uncle has just placed $6,000 in a bank account that will earn an annual rate of return of 6%- How much will be in that account when you graduate in four years?






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