Use the present value formula to compute the amount that should be set aside today
to ensure a future value of $ 2,000 in 1 year if the interest rate is 12% annually, compounded annually.
(a) $ 1,776.97 (b) $ 1,765.89 (c) $ 1,785.72 (d) $ 1,786.97 (e) $ 1,768.97
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