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How much money would have had to invest

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Reference no: EM132643167

Problem 1: How much money would you have had to invest on 1/1/2010 in a savings account that yields 1% interest (compounded annually) to have $100 on 1/1/2013?

Option 1: $97.00

Option 2: $98.03

Option 3: $97.06

Option 4: $98.00

Option 5: $100.00

Reference no: EM132643167

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