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How much do you have to deposit today

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Question - Your estimate of the cost of a computer next year is $1,825. The current interest rate on savings account is 15%. How much do you have to deposit today in order to receive this amount in a year's time?

a. $1,738.10

b. $1,740.12

c. $1,747.25

d. $1,733.75

Reference no: EM133184702

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