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17 February, 15:53

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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  1. 17 February, 18:16
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    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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