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You Would Like to Have $1,000 One Year (365 Days)from

Question 69

Multiple Choice

You would like to have $1,000 one year (365 days) from now and you find that the bank is paying 7% compounded daily.How much will you have to deposit with the bank today to be able to have the $1,000?


A) $934.58
B) $933.51
C) $932.40
D) none of the above

Correct Answer:

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