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A man wishes to keep some money in a savings deposit at 25% compound interest so that ...

A man wishes to keep some money in a savings deposit at 25% compound interest so that after 3 years he can buy a car for N150,000. How much does he need to deposit now?

A. N112,000.50
B. N96,000.00
C. N85,714.28
D. N76,800.00





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