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Suppose you have $1,000 today and the risk-free rate of interest ( r f ) is 2.3%. The equivalent value in one year is closest

Suppose you have $1,000 today and the risk-free rate of interest ( rf) is 2.3%. The equivalent value in one year is closest to:

$965.00

$1030.00

$1,023

$1000.00

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