What Amount, Seven Months from Now, Is Equivalent to $1215

question 118

Short Answer

What amount, seven months from now, is equivalent to $1215 today if money can be invested to earn 4.5%?

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Definitions:

Records

Information or data collected and stored systematically for retrieval and analysis, often in a database or archival system.

Close The Database

An action to safely disconnect from and shut down a database, ensuring that all transactions are complete and data integrity is maintained.

Entering Or Editing A Record

The process of adding new or modifying existing data in a database entry.

Close A Table

An operation in database management where a table is closed, ending access to its data until it is opened again.