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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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Question

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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Recommended Textbook for

Entrepreneurship

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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 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%