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Suppose you need to pay your air-ticket of $2400 for a European trip next year. If you deposit money now, you can earn 7% per

Suppose you need to pay your air-ticket of $2400 for a European trip next year. If you deposit money now, you can earn 7% per annum. How much do you need to invest today?

a.

$1759

b.

$1968

c.

$2243

d.

$2000

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