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You are saving up to buy the new Orange Widget which costs $1,000. How much would you have to put in your savings accounts now
You are saving up to buy the new Orange Widget which costs $1,000. How much would you have to put in your savings accounts now if you wish to make the purchase in one year's time? Your savings account pays an interest of 1% every quarter.
Multiple Choice
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$960.98
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$961.54
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$1,040.60
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$1000
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$990.10
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