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How Much Would You Have to Deposit Today in a Bank

Question 100

Multiple Choice

How much would you have to deposit today in a bank account paying 8% annual interest to allow you to withdraw $200 one year from now and still have $200 remaining in the bank?


A) $185.19.
B) $216.00.
C) $370.37.
D) $385.19.
E) none of the above.

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