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Alice wants to borrow some money from you today, and she promises to pay $1000 back to you in one year. Suppose the monthly interest

Alice wants to borrow some money from you today, and she promises to pay $1000 back to you in one year.

Suppose the monthly interest rate of your bank account is 0.5%.

How much at most are you willing to lend to her today?

Group of answer choices

$1000

$1005

$941.91

$1061.68

$995.20

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