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61) If the interest rate is 5 percent, the value of $250 today after one year would be A) $255.00. B) $262.50. C) $275.00. D)

61) If the interest rate is 5 percent, the value of $250 today after one year would be

A) $255.00.

B) $262.50.

C) $275.00.

D) $287.50.

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