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Cleo promises to pay Jacques $1,000 in two years. If the interest rate is 6 percent, how much is this future payment worth today? a.

Cleo promises to pay Jacques $1,000 in two years. If the interest rate is 6 percent, how much is this future payment worth today? a. $883.60 b. $887.97 C. $890.00 d. None of the above are correct to the nearest cent. Select one: O a O b O O d

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