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10. Time Value of Money
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10. Time Value of Money
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10. Time Value of Money / Time Value of Money Equations / Problem 4
Problem 4
What is the present value of \$1,000 to be received in 5 years if the discount rate is 6%?
A
\$800.00
B
\$747.26
C
\$900.00
D
\$950.00
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