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    Exam 1: Personal Financial Planning in Action
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    If You Want $1,000 Three Years from Now and You
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If You Want $1,000 Three Years from Now and You

Question 51

Question 51

Multiple Choice

If you want $1,000 three years from now and you earn 4 percent on your savings, how much do you need to deposit?


A) $885
B) $889
C) $1,000
D) $1,030
E) $1,040

Correct Answer:

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