Multiple Choice
Barber Company will receive €1,000,000 in 7 years. If the appropriate interest rate is 10%, the present value of the €1,000,000 receipt is
A) €510,000.
B) €513,160.
C) €1,510,000.
D) €1,948,720.
Correct Answer:
Verified
Correct Answer:
Verified
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