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If the Annual Interest Rate Is 5 Percent,_____

Question 39

Multiple Choice

If the annual interest rate is 5 percent,_____


A) $100 saved today will be worth $105 after one year.
B) $90 saved today will be worth $100 after one year.
C) $100 saved today will be worth $150 after one year.
D) $99 saved today will be worth $100 after one year.
E) $100 saved today will be worth $1,000 after one year.

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