Securities value

After one year, we sold securities issued at an interest rate of 7% for CZK 8,560. What was their original value?

Final Answer:

x =  8000 Kc

Step-by-step explanation:

r=100%+7%=1+1007=1.07  x r = 8560  x=8560/r=8560/1.07=8000 Kc



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