Solved

If You Want to Have $ 2,000 in Your Pocket

Question 109

Multiple Choice

If you want to have $ 2,000 in your pocket at the end of one year, what amount would you have to invest today given an interest rate of 5%?

A) $ 1,951.22
B) $ 1,818.18
C) $ 1,904.76
D) Additional information is required to complete the calculation.

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