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Using an 8% interest rate. 4. What amount should Tony deposit in the bank today if he wants $1,000 three years from today? a. $388.

Using an 8% interest rate.

4. What amount should Tony deposit in the bank today if he wants $1,000 three years from today? a. $388. b, $760. c. $778. d. $794. e. none of the above

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