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You Expect to Receive $800 at the End of Each

Question 96

Multiple Choice

You expect to receive $800 at the end of each of the next twenty years.What is the present value of the stream of payments if the interest rate is 6%?


A) $9,175.94
B) $9,411.26
C) $9,305.38
D) $9,687.79
E) $9,550.30

Correct Answer:

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