Determine the FV if you invest N$ 10 000 today at 12% interest for 8 years?
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Answer:
12,000.
Step-by-step explanation:
Let x be the number of people that were enrolled last year.
We have been given that enrollment at ELAC decreased by 5%, or 600 people, the year. We are asked to find the number of people that were enrolled last year.
We can set as equation such that 5% of x equals 600.
Therefore, 12,000 people were enrolled last year.
Answer on attached file.
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