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Time Value of Money Calculations
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Time Value of Money Calculations
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14. The Financial System / Time Value of Money Calculations / Problem 6
Problem 6
What is the present value of \$2,000 to be received in 10 years if the discount rate is 5%?
A
\$1,600.00
B
\$1,500.00
C
\$1,227.83
D
\$1,300.00
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