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Hillary opened a savings account this morning. Her money will earn 4 percent interest, compounded annually. After four years, her savings account will be worth

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Hillary opened a savings account this morning. Her money will earn 4 percent interest, compounded annually. After four years, her savings account will be worth $2,300. Assume she will not make any withdrawals. Given this, which one of the following statements is true? Hillary will earn an equal amount of interest every year for the next four years The present value of Hillary's account is $2,300 Hillary would have had to deposit more money to have $2,300 in four years if she could have earned 6 percent interest Hillary could have deposited less money and still had $2,300 in four years if she could have earned 5 percent interest Hillary deposited more than $2,300 this morning

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