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Consider the Following Timeline: If the Current Market Rate

Question 57

Multiple Choice

Consider the following timeline: Consider the following timeline: If the current market rate of interest is 8%, then the value as of year 1 is closest to: A) $1003 B) $540 C) $0 D) $77 If the current market rate of interest is 8%, then the value as of year 1 is closest to:


A) $1003
B) $540
C) $0
D) $77

Correct Answer:

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