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Refer to the present value table information on the previous page. What amount should be deposited in a bank today to grow to $1,000 3
Refer to the present value table information on the previous page. What amount should be deposited in a bank today to grow to $1,000 3 years from today?
a. $1,000/0.794
b. $1,000 * 0.926 * 3
c. ($1,000 3 0.926) + ($1,000 3 0.857) + ($1,000 3 0.794)
d. $1,000 * 0.794
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