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What Amount Today Is Equivalent to $6,800 Three Years Ago

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What amount today is equivalent to $6,800 three years ago, if money earned 12% compounded quarterly over the past three years?


Definitions:

Enforceable

Pertaining to a contract or agreement that can be legally compelled to be adhered to or fulfilled by the parties involved.

Partnering Agreement

An agreement between a seller and a buyer who frequently do business with each other on the terms and conditions that will apply to all subsequently formed electronic contracts.

E-transactions

Electronic transactions involving the exchange of goods, services, or financial assets over digital networks.

Future

A term indicating the time or a period that is to come after the present.

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