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Which of the Following Is the Equivalent of $300 Received

Question 108

Multiple Choice

Which of the following is the equivalent of $300 received today?


A) Seven hundred ninety-five dollars ninety-nine cents to be received 20 years in the future assuming a 5 percent annual interest rate.
B) Hundred dollars to be received two years from now and $200 three years from now.
C) Three hundred dollars compounded at 10 percent for one year.
D) All of these choices are correct.

Correct Answer:

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