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OpenStudy (raffle_snaffle):
Draw a cash flow diagram. It might be easiest to think of this in two steps. First, find the interest rate based on the initial amounts given. Next, using the interest rate, find the amount from one year ago.
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OpenStudy (raffle_snaffle):
If a sum is worth $615 today and it will be worth $731 two years from now, how much was it worth one year ago?
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