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3 year(s) ago, Omar had 129,200 dollars in his account. In 8 year(s), he expects to...

3 year(s) ago, Omar had 129,200 dollars in his account. In 8 year(s), he expects to have 305,000 dollars. If he has earned and expects to earn the same return each year from 3 year(s) ago to 8 year(s) from today, then how much does he expect to have in 3 year(s)?

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Answer #1

Interest rate earned is 8.12%

A/c balance after 3 years was $206,413

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