A savings account’s value today is $150 and it earns interest at 1% per month. How much will be in the account one year from today? Which of the following is correct to solve for the unknown value?                                        (a) P = 150(1 + 0.01) 12 (b) 150 = F(F/P, 12%, 1) (c) F = 150(1.12) −12 (d) F = 150(F/P, 1%, 12

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