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Save Suppose the interest rate is 4 . 1 % . a . Having $ 3 5 0 today is equivalent to having what amount

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Suppose the interest rate is 4.1%.
a. Having $350 today is equivalent to having what amount in one year?
b. Having $350 in one year is equivalent to having what amount today?
c. Which would you prefer, $350 today or $350 in one year? Does your answer depend on when you need the money? Why or why not?
Round everthing to the nearest cent.
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