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Compute the present value in each of the following problems. Use Tables 16-1A&B or 16-2A&B or a calculator.
a.Compute the amount that you must lend today at 10% compounded semiannually to be repaid a total (principal and interest) of $10,000 in 13 years.
b.Compute the amount that you must invest today at 12% compounded annually to have $1,500 in 3 years.
Major Product
In a given chemical reaction, the principal substance produced, distinguished by its predominance among other possible products.
Acetic Formic Anhydride
A mixed anhydride derived from acetic and formic acids, used in organic synthesis, particularly in acetylation reactions.
Methanol
A simple alcohol with the formula CH3OH, used as a solvent, antifreeze, fuel, and as feedstock for the production of chemicals.
Major Organic Products
Primary substances formed as a result of organic reactions, often the focus of synthesis goals.
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