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Posted on Sep 08, 2024

You expect to have $ 1 , 0 0 0 in one year. A bank is offering loans at 4 . 5 % interest per

You expect to have $

1, 000

in one year. A bank is offering loans at

4.5 %

interest per year. How much can you borrow today?

Today you can borrow $

. (

Round to the nearest cent.

)

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