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Your estimate of the cost of a computer next year is $1,825. The current interest rate on savings account is 15%. How much do you
Your estimate of the cost of a computer next year is $1,825. The current interest rate on savings account is 15%. How much do you have to deposit today in order to receive this amount in a year's time?
a.
$1,747.25
b.
$1,738.10
c.
$1,740.12
d.
$1,733.75
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