How much is $250 to be received in exactly one year worth to you today if the interest rate is 20%? The value today is $. (Round your response to the nearest penny.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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much is $250 to be received in exactly one year worth to you today if the interest rate is 20%?
The value today is $. (Round your response to the nearest penny.)
Transcribed Image Text:How much is $250 to be received in exactly one year worth to you today if the interest rate is 20%? The value today is $. (Round your response to the nearest penny.)
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