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You want to make a one-time deposit today that will increase in value to $100 at the end of this year. Which rate of interest

You want to make a one-time deposit today that will increase in value to $100 at the end of this year. Which rate of interest will allow you to deposit the least amount today to reach this goal?

  • A. 3.8%
  • B. 2.6%
  • C. 2.9%
  • D. 3.6%
  • E. 3.4%

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