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Use Estimation to Select the Best Response I=ρrtI = \rho r t

question 51

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Use estimation to select the best response. If I=ρrtI = \rho r t and I=$698.05I = \$ 698.05 , r=9.85%r = 9.85 \% , and t=1 year t = 1 \text { year } , estimate PP . Choose 700, 7,000, 70, or 70,000. $ __________

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