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If you had $90 today and needed $100 in a year, what is the rate of return you would need to turn $90 into $100?
If you had $90 today and needed $100 in a year, what is the rate of return you would need to turn $90 into $100?
a) 10%
b) 0.1000
c) 9.99%
d) 11.11%
e) None of the above
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