Alyssa Reyes has sharp eyes– another error in homework answers for Chapter 7.
it was a simple mistake with the numbers for 1% and 2%
2. 1000 (1.02)10 versus 1000 (1.02)10 which is $1104.62 versus $1218.99.
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should be 1the 2 should be replace with a 1 to make the caluculations correct.