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If You Will Receive $3, 000 Three Years from Today

Question 26

Multiple Choice

If you will receive $3, 000 three years from today and the discount rate is 7 percent, the present value of the $3, 000 is

A) $2, 779
B) $3, 770
C) $1, 658
D) $1, 962
E) $2, 449

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