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You Want to Make a One-Time Deposit Today That Will

Question 16

Multiple Choice

You want to make a one-time deposit today that will increase in value to $100 at the end of this year.Which rate of interest will allow you to deposit the least amount today to reach this goal?


A) 3.8%
B) 2.6%
C) 2.9%
D) 3.6%
E) 3.4%

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