The accumulation function for simple discount is $a(t)=(1-dt{)}^{-1}.$ If $d=\mathrm{.}08,$ the amount required now to

give $1\mathrm{.}16$ in $2$ years is:

$($A$)84$

$($B$)92$

$($C$)1$

$($D$)1\mathrm{.}08$

$($E$)$ None of these